Canadian Natural Resources (CNQ) - Among the Energy Stocks that Fell This Week

The share price of Canadian Natural Resources Limited (NYSE:CNQ) fell by 9.63% between December 31, 2025, and January 7, 2026, putting it among the Energy Stocks that Lost the Most This Week.

Canadian Natural Resources Limited (NYSE:CNQ) is a senior crude oil and natural gas producer with ongoing operations in its core areas in Western Canada, the UK portion of the North Sea, and offshore Africa.

Canadian Natural Resources Limited (NYSE:CNQ) was among the Canadian oil stocks that suffered a blow from the recent US blitz in Venezuela, which ended with the capture of President Nicolas Maduro. The Trump administration now wants American companies to develop the South American country’s rich oil reserves and send the oil over to Gulf Coast refineries. In fact, the President has already announced that Venezuela would be ‘turning over’ up to 50 million barrels of oil to the US. This could threaten Canadian producers, especially those linked to oil sands like Cenovus, as Venezuela’s heavy sour crude is very similar to that coming from Alberta.

Around 60% of the US crude imports come from its northern neighbor, and even if a portion of this is replaced by Venezuelan oil, it could have a significant impact on Canadian producers like Canadian Natural Resources Limited (NYSE:CNQ) in the short term. Moreover, the prospect of large volumes of cheaper Venezuelan crude entering the US market would also drive prices down for Canadian producers, further pressuring margins and profits in an already tough environment.

Canadian Natural Resources Limited (NYSE:CNQ) also came under pressure on January 6 when Evercore ISI analyst Stephen Richardson downgraded the stock from ‘Outperform’ to ‘In Line’, while leaving its price target unchanged at C$50.

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Disclosure: None.