David Eby planning the BC snap election

Just picked up my new BC construction toy set

I think there's an important distinction to be made between "having good assets, a well run business, and being attractively priced in the equity markets" -- and "being the next CNRL". Cenovus and Suncor fall in to this category, absolutely, especially if you're looking for upstream duration. CNRL is CNRL because they execute unlike anyone else. Compare their acquisition of Chevron Canada vs. Cenovus' acquisition of Athabasca. Because I can't share my estimates on here, I'm using street consensus delta preceding/following the deal. CNRL paid 25% less in a $65-70 price environment than Cenovus paid in a $80-90 price environment, for oil sands/Duvernay assets. Cenovus will have to invest material cashflow to realize the full potential from the Athabasca assets while CNRL's purchase was self funding. Cenovus will make out well with their acquisition, but it wasn't a CNRL-esque one. They're executing different playbooks. So is Suncor, though I'd say they're closer to CNRL than Cenovus. My problem isn't really that any of these companies lack any merit individually... they're just... not CNRL.