You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Suncor Energy Inc. (SU $58.17)
- $58.17 P/E (TTM): 11.98X Cap: $67.51B
- View SU Profile
- View Questions on SU
Canadian Natural Resources Limited (CNQ $45.01)
- $45.01 P/E (TTM): 11.39X Cap: $92.28B
- View CNQ Profile
- View Questions on CNQ
Cenovus Energy Inc. (CVE $23.39)
- $23.39 P/E (TTM): 16.69X Cap: $42.04B
- View CVE Profile
- View Questions on CVE
Whitecap Resources Inc. (WCP $10.43)
- $10.43 P/E (TTM): 8.92X Cap: $12.46B
- View WCP Profile
- View Questions on WCP

Q: All of the above companies have gone down recently. Is the US threat of 25% tariffs the reason for this decline or are there other factors in play?

Asked by Ronald on December 18, 2024

5i Research Answer:

It is not likely the tariffs in isolation, but concern over the drilling policies of Trump, which could increase oil supply and put pressure on prices. China's weakness is also likely a factor here. The sector overall has been quite weak despite low valuations pretty much across the board.

Let us help YOU reach your financial goals today!

Start your FREE trial today and enjoy all the benefits of a 5i Membership including:

Access to a team of experts ready to answer your investments question
Instant access to over 100,000 archived questions
A community of like-minded investors
Peace of mind knowing that 5i Research has only YOUR best interests in mind

First Name *

Last Name *

E-mail *

Password *

I have read and agree to the Terms of Use