thinking the p/e should improve as it has recovered from some past operating/production problems, and the stock over sold on that. If cnq were to go to a less agressive ramp up of production and then offer a better dividend it could result in increased stock price. As it is the reserve life is said to be quite ample and dont think that is reflected in the share price as much as it should. Should the pipeline bottle neck get resolved cnq could spring up. Would not surprise if an xom or other big oil try a takeover for the long term reserve life in the safe political climate cnq operartes in. also think better nat gas prices will add to earnings in 2013 and beyond.