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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Dennis Roth who wrote (179610)9/9/2013 12:00:57 PM
From: Dennis Roth3 Recommendations

Recommended By
evestor
Jacob Snyder
LoneClone

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Canadian Oil and Gas
Prefer CNQ, MEG & SU Into Q3 Reporting Season; Revising Estimates and Target Prices
J. Frew
doc.research-and-analytics.csfb.com

In this note, we update estimates for our Canadian oil and gas coverage (based on Q2 reporting, guidance, and other more
recent operational updates), and highlight our preferred stocks heading into Q3 reporting season. On average we have
lowered our operating CFPS estimates by 2-3% for the 2013-15 forecast period (Exhibit 4). We also briefly review sector
trends including commodity prices, differentials and crude-by-rail developments.
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