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Investment Q&A

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Suncor Energy Inc. (SU $53.24)
- $53.24 P/E (TTM): 10.7X Cap: $65.03B
- View SU Profile
- View Questions on SU
Canadian Natural Resources Limited (CNQ $42.35)
- $42.35 P/E (TTM): 11.72X Cap: $87.56B
- View CNQ Profile
- View Questions on CNQ
Cenovus Energy Inc. (CVE $19.45)
- $19.45 P/E (TTM): 12.79X Cap: $34.97B
- View CVE Profile
- View Questions on CVE
Whitecap Resources Inc. (WCP $10.06)
- $10.06 P/E (TTM): 6.44X Cap: $5.81B
- 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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