Downside risk is virtually zero. It is so weak because it is focused on US refining. That sector was badly beaten up in terms of margin. Here is some potential catalyst. There is too much supply of the end product of refining.

Fairly valued for the next year. It has some attraction long term. Valuation is the only negative to the story.

Attractive. It could continue to build out its oil sands presence and it is a potential acquisition target.

Mainly a dividend play. They are getting more into the oil side of the story. It’s probably going to have a distribution cut in 2011.

Small. It’s not going to be a home run. A few good wells.

A bench mark name in the US. What has everyone excited is the Exon takeover.

Had 34 % increase in reserves. Waiting to see if contingent reserves can be proved economical, in which cash this thing would move higher.