RE:Suncor and Cenovus bothJust my opinion but I think MEG has a little more to go on changing their brand.
They were always the most heavily indebted company and huge spenders. They still have a fairly large amount of debt, but that will be gone YE'22.
I was very skeptical of Derek Evans as well, he ran Pengrowth into the ground and they pretty much went bankrupt before they got bought out. Jury might be out a bit on him. He's been doing a phenomenal job so far.
MEG's CFO is probably the best in the business. His hedging strategies saved the company. They were staring into the black abyss. He's now retiring. That's some major star power leaving the company.
Long story short, I think it's just time. Give it a few more quarters for MEG to clean everything up and they will be a brick shyt house. They will have so much cash they won't know what to do with it.
I'm still adding on any big dips.