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
Suncor downgraded to Neutral from Buy at Citigroup Citigroup downgraded Suncor to Neutral saying Canadian integrated oil companies are trading at fair value given its lower long-term crude price assumptions. Citi lowered its price target for shares to C$38 from C$48.