If it were a given that keystone xl pipeline gets approved/built cnq would go higher. IF a new pipeline outlet for Canadian oil sands crude would bring it closer to wti prices, takeover might happen if that were certainty.
Don't worry... with their massive cash flow and production projections, if the stock does not get back in the $40's very soon, it will be a subsidiary of one of the major Asian oil companies before the end of the year. Remember the building of a Canadian pipeline to the Pacific is in the works. Obama really screwed the citizens of the U.S. when he bowed to the envirionmentalist and vetoed the Keystone XL Pipeline making the Canadian government angry.
yeah agree, this is not speculative play, really good company with NAV 47.5, 70% oil Main issue is heavy oil differentials -25 of WTI. But still with 15% income growth per year over 5 yrs, it should double in 3-4 yrs,no brainer
I will add more if falls under 30 in coming market correction,