RE:Go to Slide 34, 35 of CNQ's deckCNQ is definetly the elephant in the room. Right now their greatest increase in FCF will probably be coming from their extensive Heavy Crude holdings. I would buy more but I like IPCO better on a relative valuation basis OTOH by using increased leverage outstanding returns can be made with CNQ. Longer term there will probably be only CNQ get in now or wait to be acquired?