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Investment Q&A

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Suncor Energy Inc. (SU $62.52)
- $62.52 P/E (TTM): 14.16X Cap: $75.10B
- View SU Profile
- View Questions on SU
Canadian Natural Resources Limited (CNQ $46.84)
- $46.84 P/E (TTM): 14.66X Cap: $97.57B
- View CNQ Profile
- View Questions on CNQ
Cenovus Energy Inc. (CVE $24.56)
- $24.56 P/E (TTM): 14.65X Cap: $43.99B
- View CVE Profile
- View Questions on CVE
Whitecap Resources Inc. (WCP $11.45)
- $11.45 P/E (TTM): 9.93X Cap: $13.90B
- 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.

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