Petro-Canada

PCA-T

Likes this especially after the merger with Suncor (SU-T). Has been buying more of this than Suncor because they will have to adjust the valuation.

Would buy this instead of Suncor (SU-T) because it is an 8% discount to Suncor shares for the merger.

(Market Call Minute.) Would buy Suncor (SU-T) instead because of the merger does not go through you would be stuck with this company.

Subject to a takeover by Suncor (SU-T). Not much there in terms of an arbitrage situation. She likes Suncor.

(A Top Pick June 5/08. Down 26.5%.) Being acquired by Suncor (SU-T), which is a brilliant move on their part. He'll probably continue to hold.

Likes the PetroCan (PCA-T)/Suncor (SU-T) combination as his key Canadian integrated.

Merging into Suncor (SU-T). Stock price became attractive so he just bought some.

Suncor (SU-T) and this company are going to merge probably near the end of this year. Thinks Suncor management will be able to do better with the assets. They have some concentration issues on their retail gas stations.

Positive on the merger with Suncor (SU-T). There will be some growing pains. Integration risks will probably take longer than expected. Suncor is a very good operating company with a somewhat weak balance sheet and Petrocan has some good assets and a good balance sheet.

(Market Call Minute.) Merger with Suncor (SU-T) is very good for it.

Unless it is cheaper than buying Suncor, might as well buy Suncor. Great expectations for oil are not in place. He more likely sees $40 oil and $60

Cheap way into Suncor until deal closes June 4

(Top Pick Apr 3’08 Down 17%) Still makes it into their portfolio. Will be re-evaluated when Suncor deal completes.

Merging with Suncor. Price is as if it was a take-over. She kept Suncor, taking profits in Petro Canada.

Suncor deal is a good marrying of assets. Will eliminate a whole layer of administration and management. This deal gives you better management. Some change to the Petro Canada Act is required.