John O'Connell, portfolio manager, RBC Dominion Securities BNN
Dec 10, 2007
PETRO-CANADA (NYSE:PCZ TSE:PCA): stick with it, we own it as well. It is a frustrating stock. Like integrated nature of Petro-Canada, enormous assets, deal in Libya mild positive. Cannot say it is expensive. With oil prices the way they are, it is a name that I do not think you can really go wrong. I would be a buyer of. Agree that spreads have to improve at some point. Not only refiners but also UTS project; think it will deliver a lot of value longer-term
PETRO-CANADA (NYSE:PCZ TSE:PCA): stick with it, we own it as well. It is a frustrating stock. Like integrated nature of Petro-Canada, enormous assets, deal in Libya mild positive. Cannot say it is expensive. With oil prices the way they are, it is a name that I do not think you can really go wrong. I would be a buyer of. Agree that spreads have to improve at some point. Not only refiners but also UTS project; think it will deliver a lot of value longer-term
PENN WEST (NYSE:PWE TSE:PWT.UN): I think all the oil gas royalty trusts swimming against tough tide, when to transition between trust and corporation. We like oil and gas sector, I try to keep investing as simple as possible. There are lot of oil and gas stocks in Canada that do not have to deal with political problems.
posted by Spelunca at 9:00 PM
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