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Investment Q&A

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Suncor Energy Inc. (SU $56.05)
- $56.05 P/E (TTM): 12.18X Cap: $69.08B
- View SU Profile
- View Questions on SU
Canadian Natural Resources Limited (CNQ $43.04)
- $43.04 P/E (TTM): 11.04X Cap: $92.13B
- View CNQ Profile
- View Questions on CNQ
Cenovus Energy Inc. (CVE $22.79)
- $22.79 P/E (TTM): 16.08X Cap: $42.65B
- View CVE Profile
- View Questions on CVE
Whitecap Resources Inc. (WCP $10.21)
- $10.21 P/E (TTM): 7.08X Cap: $12.84B
- 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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