Canadian heavy oil making steady comeback ... Differential improving... as transport opens up.. US refineries need heavy oil... That is why gasoline prices are high... Glut of light oil and condensate caused by transport (look at Bakken) BUT ALSO lack of light oil refining capacity... Stay tuned..

I am OVERWEIGHT BTE.T and thinking MEG.T... but I like the big yield.. hence BTE...

Big boys maybe OK SU (Capex issues ?... CNQ similar ?) Not sure they have best upside....


Also overweight CUS Canexus) They have faltered on delays and cost overruns for unit train terminals (unit train ... a train hauling one good to one place... like a transport truck usually does.   Trains more like LTL typically... (Less than truck load) ie Less than trainload...