Now I know why Suncor has Lagged CNQ & everyone else..It's Line 5.
If they shut down, Suncor's Eastern Refineries are in trouble. Also, if there is no Oil, then everyone will be forced to buy government subsidized EV's.. great for Tesla, but bad for Suncor Shareholders as gasoline demand will go down fast in Eastern Canada.
I guess this is why there are no buyers for Suncor. No one is "jump to the pump" to buy these on the low.. but perhaps Mark "Suncor dividend is really" Little had a Crystal ball and why Suncor CUT their dividend, while CNQ RAISED their dividend.
The names to own in the sector for low risk are CNQ (5% yield) and ARX (3% yield, but stock is heading up like Texas rockets on July 4th.
Good luck to all.
~TGC.