Canadian oil stocks down after U.S. forces capture Maduro
Posted Jan 5, 2026 8:26 am.
Last Updated Jan 5, 2026 9:02 am.
Shares of Canada’s big oil companies fell in early trading after the U.S. military captured Venezuelan President Nicolás Maduro on the weekend.
Canadian Natural Resources Ltd. fell $3.79 or about eight per cent to $43.33, while shares in Cenovus Energy Inc. lost $2.08 or about 8.7 per cent at $21.97 on the Toronto Stock Exchange.
Shares of Suncor Energy Inc. were down $3.53 at $59.08.
Venezuela has large oil reserves but its industry is in disrepair after years of neglect and international sanctions.
U.S. President Donald Trump has floated a plan for U.S. oil companies to help rebuild Venezuela’s oil industry.
Maduro has been taken to a U.S. courthouse where he’s set to make his first appearance today before a judge in New York. He is accused of narcoterrorism and drug trafficking.
— With files from The Associated Press.
