Oil Prices: CTX.TO is heavily influenced by crude oil prices. Higher oil prices generally lead to increased profitability and stock value, conversely lower oil prices decrease profitability and stock value.

Production Levels: CTX.TO's ability to maintain or increase oil and gas production volumes impacts its revenue and therefore its stock price. Production disruptions can negatively affect the stock.

Operating Costs: Efficient management of operating costs, including drilling, extraction, and transportation, affects profit margins and investor confidence.

Debt Levels: High debt can make the company vulnerable during periods of low oil prices. Debt management affects investors' assessment of financial stability.

Geopolitical Events: Global events affecting oil supply and demand can trigger volatility in CTX.TO's stock price, like conflicts or policy changes.

Investor Sentiment: Overall market sentiment towards the energy sector affects demand for CTX.TO shares. Optimistic views drive prices up, pessimistic views drive them down.

Interest Rates: Changes in interest rates impact the cost of borrowing and investment decisions, influencing CTX.TO's expansion plans and attractiveness to investors.

Regulatory Changes: Government regulations concerning environmental standards or taxation can significantly impact CTX.TO's operations and profitability.

Currency Exchange Rates: Fluctuations in the Canadian dollar versus other currencies impact revenue from exports and the value of assets.

Economic Growth: Global and Canadian economic growth influences energy demand. Higher growth increases demand, supporting higher prices and potentially raising the stock price.

Reserve Estimates: Proven and probable reserve estimates of oil and gas reserves are crucial. Upward revisions generally boost investor confidence, while downward revisions decrease it.

Dividend Policy: CTX.TO's dividend policy can influence investor demand. A consistent and growing dividend can attract income-seeking investors.

Alternative Energy: Increasing investment in alternative energy sources can put downward pressure on oil demand, potentially affecting CTX.TO's long-term prospects.

Mergers and Acquisitions: Potential or actual mergers, acquisitions, or divestitures involving CTX.TO can cause significant price fluctuations.

Weather Patterns: Extreme weather events can disrupt production, transportation and demand which influences the stock price.