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Canadian Natural Resources Limited (CNQ)
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Cenovus Energy Inc. (CVE)
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MEG Energy Corp. (MEG)
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Athabasca Oil Corporation (ATH)
Q: I am overweight in oil and I am looking to trim. What is your assessment of the companies above? Which of the companies would you least favor for long term potential and therefore trim from the most? As always, thank you for your excellent service.
5i Research Answer:
We think all of these are generall fine, for sector exposure. MEG could have very good upside if oil runs, but all would participate in rallies. All are valued at near historically-low metrics. We would rank these: CNQ, MEG, ATH, CVE overall. But MEG and ATH likely have the most upside potential with higher risks.