RE:RE:RE:Burgundy asset management viewThe Syncrude project would still be considered a direct exposure to the price of oil regardless of who owns it. But yes there are some relevant factors that you make - 1. COS is a levered play with more potential upside and 2. more inportantly for us shareholders, valuation of the bid.
As a COS shareholder I want the highest possible valuation if I'm going to trade in for SU shares.
But as far as whether I own COS or SU - I am indifferent.