Canadian Natural Resources (CNQ-T) vs Suncor (SU-T). Both are trophy stories of Canada. CNQ is in 2 businesses and Suncor is in 3 businesses. CNQ is in the oilsands. Suncor is in the oilsands plus the production side, and the refining business. Both are generating free cash flow. CNQ is looking at expansion in their Horizon project. Suncor has been increasing dividends and buying back stock. On weakness on either, both would be great to own.
Canadian Natural Resources (CNQ-T) vs Suncor (SU-T). Both are trophy stories of Canada. CNQ is in 2 businesses and Suncor is in 3 businesses. CNQ is in the oilsands. Suncor is in the oilsands plus the production side, and the refining business. Both are generating free cash flow. CNQ is looking at expansion in their Horizon project. Suncor has been increasing dividends and buying back stock. On weakness on either, both would be great to own.
Will a Natural Gas plant be built? He believes it will be built. Will have a decision in November. Almost everybody in the Nat gas sector in western Canada will benefit from this project. Question remains how long it will take to build. Will be a big job creator and a big tax beneficiary for the people of BC.
He likes it and owns it. Book value of $5.74. Balance sheet is in good shape. Sees tremendous upside if price of Nat gas goes up as he predicts.