Why enCore Energy Corp. (EU) Is Losing This Week #CanadaFinance

We recently published an article titled Why These Energy Stocks are Losing This Week. In this article, we are going to take a look at where enCore Energy Corp. (NASDAQ:EU) stands against the other energy stocks.

President Donald Trump’s 10% tariff on Canadian energy went back into effect today, and while the United States is a major energy producer itself, it is highly reliant on imports from its northern neighbor.

READ ALSO: 11 Best Performing Energy Stocks So Far in 2025

Canada supplies 60% of America’s oil imports, about 4 million barrels a day, making it the largest crude oil supplier to the US. Canada is also responsible for nearly all of the US natural gas imports and the two countries even share an integrated electricity grid, significantly bolstering grid resilience and economic efficiency. Hence, President Trump’s tariffs are expected to have serious consequences on the energy prices in the US in the coming days, raising concerns about energy stability and inflation in the country.

The said tariffs are expected to significantly impact the American oil refining sector, especially in the Midwest, which is highly dependent on imports of heavy Canadian crude. The CEO of a major US oil refiner recently stated that the major brunt of the tariffs will be borne by the producers and then to a lesser extent by the consumers, further reducing margins for an industry that already struggled last year.

The broader energy sector has surged by 0.73% over the last year, significantly lagging behind gains of over 14% by the wider market, as of the close of March 3, despite the recent selloff on Monday.

To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between February 24 to March 3, 2025. The stocks are ranked according to their YTD share prices. Following are the Energy Stocks that Lost the Most This Week.

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An aerial shot of the uranium mines, demonstrating the company’s vast mineral resources.

Share Price Decline Between Feb. 14 – Feb. 24: 47.06%

enCore Energy Corp. (NASDAQ:EU) engages in the acquisition, exploration, and development of uranium resource properties in the United States. The company is the only American uranium producer with multiple extraction facilities in operation.

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