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  5. CNQ: Can you explain why CNQ has dropped substantually more than SU after USA's incursion into Venezuala. [Canadian Natural Resources Limited]

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Q: Can you explain why CNQ has dropped substantually more than SU after USA's incursion into Venezuala. Would you add to CNQ on this substantial drop if you believe the drop is unwaranted.
Asked by Ric on January 13, 2026
5i Research Answer:
It is hard to nail down exactly, but CNQ may be seen as more exposed to heavy oil than SU. But...
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