The upside potential of Canadian oil sands stocks seems limited as they are getting closer to their 52-week highs given the recent market rally.
If you are looking to invest in oil sands, you can consider instead Seven Generations Energy (SVRGF): The Canadian condensate and gas producer is exposed to that type of heavy oil, and the upside potential of its stock seems greater.
Image source: Suncor.com (Suncor Edmonton refinery)
Note: All the numbers in the article are in Canadian dollars unless otherwise noted.
Reduced upside potential with Canadian oil sands producers
Since the coronavirus-induced