TSX:CNQOil and Gas
Why Canadian Natural Resources (TSX:CNQ) Is Down 8.8% After Maduro’s Capture Shakes Heavy Oil Trade Flows – And What's Next
In early January 2026, Canadian Natural Resources came under pressure after the U.S. capture of Venezuelan President Nicolás Maduro raised the prospect of more Venezuelan heavy crude competing directly with Canadian barrels in U.S. refineries.
This geopolitical shift is prompting investors to reassess how exposure to heavy oil markets and evolving trade flows could affect Canadian Natural’s longer-term pricing power and competitiveness.
We’ll now explore how this potential increase in...