
TSE:CVE
This is his favourite in the integrated space. Built for growth as far out as 2017. Likes its diversified nature. Its refining assets help to offset some of the volatility. Have been delivering on their promises. Bringing cash costs and volumes in lower-than-expected. Possible dividend increases. Expecting a 15% upside in 12 months.
Cyclical stocks are for Canada. With rates as low as they are we will see these stocks come back into favour. Has fallen with the price of oil and at some point they have to go North of $100. Growth coming out of oil sands positions them to raise dividends for many years to come.