The Globe and Mail reports in its Friday edition that Suncor Energy's $2.5-billion share issue has left some investment bankers in Calgary feeling jilted. The Globe's Jeffrey Jones and Andrew Willis write that underwriters will earn more than $80-million in fees, based on the syndicate's 3.25-per-cent cut. Not surprisingly, the deal is led by the investment arms of major banks: TD, CIBC and JP Morgan Chase. Notably absent are Calgary boutique dealers and national independents, which are slowly gaining back business after a dismal 2015. Said one dealer: "They simply don't look like they're a good neighbour in this one. They're domestic. They had the opportunity and choice to support a bunch of Albertans and Canadians who support them in this market. They didn't think to do so." Local dealers such as Peters & Co. and FirstEnergy Capital as well as national independents such as Canaccord Genuity or GMP Securities play a crucial role in the energy-sector ecosystem. To recognize the independents' role, large energy companies traditionally allocate a small portion of their stock sales to them. This might represent as much as 10 per cent of the fees. Suncor closed Thursday at $35.18, down 29 cents.