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  5. CNQ: All of the above companies have gone down recently. [Canadian Natural Resources Limited]
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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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