Canada’s Oil-Sands Companies Get Boost From BP’s Gulf Gusher

Suncor Energy Inc. and Canadian Natural Resources Ltd., two of the largest oil-sands producers, rank among the biggest winners as a U.S. halt on new Gulf of Mexico drilling leads investors to alternative crude sources.

Canadian energy stocks are drawing the highest premium since 2005. Standard & Poor’s/TSX Energy Index of Canadian stocks now trades for 32.1 times reported profit from the past year, more than twice as much as fuel producers in the MSCI World Index, the benchmark for equities in 24 developed markets.