Stock price when the opinion was issued
A US name to look at if you don't want to deal with the geopolitical or the heavy-oil takeaway capacity. Those constraints wouldn't affect this non-Canadian name. Probably the lowest-cost operator in the US, and one of the lowest globally. Does well operating in the counter-cyclical model.
Sharp selloff along with the price of oil, and it's just to do with the economic sensitivity of the commodity. Yield is 3.2%.
He's overweight energy, but supply/demand hasn't rewarded him yet. It reported a beat, but shares are up only 1% today and he's disappointed.