RE:RE:Permain Basin PlayI think you mean a canadian stock with US assets. I would not buy a canadian e & p as i dont believe the so called gap will improve any time soon, even with the massive increase in rail traffic.
The smarter money moves to US e&p, as I believe lighter oil will soon be discounted in the canadian market as well. Sentiment to me should be much more bullish in terms of US producers, as they should be able to obtain pricing in the market, much easier than a canadian competitor.