
TSE:CNQ
CNQ vs SU? He thinks oil prices will be flat for the next period. There continues to be a flood of oil out the US and there is growth globally as well. In Canada, we are anti-trade outside of Canada. CNQ-T has been the best managed company in the space since 1990. SU-T is also a safe pick as well. Not a real reason to own them as he is not bullish on oil. (Analysts’ price target is $46.33)
or Suncor Neither. CNQ is a great company and doing good things on the ESG front and advocating for the oil industry. This and Suncor are the two biggest oil names in Canada. CNQ keeps promising free cash flow, but keeps deferring that flow. He'd rather buy Cenovus which is poised to receive large-cap investment inflows.