RE:Looking at this stock to maybe buy. What's the turn around A Canadian oil company so buy knowing your betting on new pipelines. It's that simple. If line 3 and transmountain are built it's golden because of differential. If Keystone is built its a bonus. Without oil prices going anywhere, the differencials at $10 make this profitable.
If these pipelines get built, it means its profitable, means the proven reserves are more expensive, which means the valuation triples at least.
Knowing this, as does every major player, means there will be a buyout when there is clear direction on the pipelines. How much? Nobody knows