Suncor, Canadian Natural could benefit from Keystone XL, Barron's reports Suncor (SU) and Canadian Natural (CNQ) have not fared well due to environmental fears and an increase in U.S. oil production; however, pipelines like Keystone XL could help the stocks rise over 30%, Barron's contends. Both companies could be attractive to activist investors, the paper adds. Reference Link
Canadian Natural downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded Canadian Natural to Neutral to reflect the choppy near-term environment. The firm said balance sheet pressures are building in 2016 at a time when the company's hedges are rolling off and production could decline.