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Suncor Energy Inc. (SU $84.36)
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Canadian Natural Resources Limited (CNQ $59.19)
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Nutrien Ltd. (NTR $96.97)
Q: Markets appear to so fickle on whatever news is happening. A year ago, resource stocks were in the dump, only to surge as a result of the war. Now they are down a lot today on the news that Iran is opening up the Strait; however, Trump just indicated that the blockade is still in effect. Is this an opportunity to buy some of these resource names?
5i Research Answer:
Yes, we think so; while the sector will no doubt stay volatile, they remain historically cheap,...