Viewing Company Suncor Energy Inc | StockChase
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Compiling comments that experts make about stocks while on public TV.

Suncor Energy Inc Stock Symbol: SU-T

Notes:Oil Sands. Oil weighted

Last Price Recorded: $42.0600 on 2017-10-20

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Date Signal Expert Opinion Price
2017-10-18 BUY Brian Madden

It is one of his preferred names in the oil patch.  Canada’s largest integrated oil producer.  They are at the end of a very capital intensive phase in their company.  Fort Hills is coming to fruition.  It has long life, high quality reserves that are past the peak of capital spending.  He expects that the company will be in capital return to shareholder mode in the year ahead.  There could be dividend increases and share buyback to do this.


Price:
$42.080
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-10-13 COMMENT Matt Kacur

A good, high quality company. You get a little bit of dividend while you wait. It is certainly not in the best of times at the moment. However, it looks like it is coming out of a bottom on its fundamentals. He sees ROC declining for about 5-6 years, but in the last couple of quarters it has started to rebound from -1% to +1%, which is a great sign. It’s not that expensive.


Price:
$42.120
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-10-11 COMMENT Mike S. Newton, CIM FCSI

Buy or Sell?The chart shows that it is a very frustrating stock to own, but a great company. He prefers owning the BMO S&P/TSX Oil & Gas ETF (ZEO-T). Or you could buy the iUnits S&P/TSX Capped Energy ETF (XEG-T), which is 26% Suncor. If you are interested in the energy space and want to make a lot of torque, look at the energy space in the small energy names.


Price:
$42.990
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-10-03 COMMENT Ryan Bushell

Has never really liked the assets they’ve accumulated. They’ve always been at higher costs. The market likes it though, as it has been one of the best performers out of the Canadian integrateds.


Price:
$43.490
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
No
2017-09-29 SELL Jon Vialoux

Sell?The predominant period of seasonal strength for the broader energy sector is from about the end of January all the way through to May, the run-up into the summer driving season. Between Jan 12 and April 24 are the optimal dates, 9.25% above the benchmark rate. This has been positive in the past 20 periods. There is also another period of seasonal strength, mid-August to mid-Sept, which is going into hurricane season and maintenance season. This is now just kind of falling out, and the energy is starting to leach out of these energy names. Technically, there is resistance at $44. You might be able to pick this up on the cheap in December, for the big push into the new year. He has been trimming his energy exposure.


Price:
$43.730
Subject:
SEASONAL & TECHNICAL
Bias:
BULLISH
Owned:
Unknown
2017-09-27 COMMENT Norman Levine

Has owned this for some time. Bought it during the financial crisis when people were basically giving away shares of financial companies. It has diversified, being almost more of a money manager than a lifeco. It is growing its life business both in Canada and the US as well as in Asia. Like most financial stocks, this responds to higher interest rates. The 10-year US bond is starting to have strength, which is positive for lifecos. He is positive on this company.


Price:
$43.350
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-09-26 COMMENT Lyle Stein

Had owned this for a long time, but recently sold it. A bigger portion of their business is tied to heavy oil. Prefers Canadian Natural Resources (CNQ-T).


Price:
$42.660
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-09-20 DON'T BUY Bruce Murray

Oil is very cyclical on very long cycles. The last time oil rallied big time was in the 1970s when Japan industrialized. It rallied again when China industrialized. China appears to be done industrializing. The commodity infrastructure has been built globally, up to a point where we can supply the demand for energy. We have had technology changes that have allowed for the shale plays to come. The US mid-continent is loaded with shale oil and companies are able to produce the stuff for sub-$50 a barrel. There are millions and millions of barrels that can be brought on. The other big play that is happening is in the Marsalis shale in Ohio, which is hammering gas and natural gas liquids. Energy is going to be under assault for a long time. On top of that you have shales in other parts of the world and the technology will be transferable. Also, a lot of oil producing countries need money, so you are going to see a lot of oil coming at you. This company, unfortunately, is the high cost oil, the dirtiest oil, at the end of the pipeline. They will survive, because their cash costs are about $25 a barrel. He wouldn’t put his money here for the next 10 years.


Price:
$42.130
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
No
2017-09-19 HOLD Nick Majendie

Suncor (SU-T) or Canadian Natural Resources (CNQ-T)? Both companies, relative to the other stocks in the energy index, have performed pretty well. From this point on, he likes both, and is hard-pressed to tell you which he would choose. Both have very good growth profiles. They are both very good on M&A on an opportunistic basis. Balance sheets have been improving steadily. This one is bringing Fort Hills on stream by the end of this year, which will be a significant contributor to cash flow growth. Because they have both held their ground so well, there are better opportunities in some of the intermediate space, in terms of capital gains.


Price:
$41.660
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2017-08-30 COMMENT Mike S. Newton, CIM FCSI

A tough name to own because of volatility. Oil cannot get a break. He is setting up for an oil rally. Prefers renting the space through an ETF. The Suncor story is all about Fort Hills which is 90% complete. They expect to be testing on it and get it up and running in 2018.


Price:
$39.350
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH
Owned:
No
2017-08-25 WATCH Robert McWhirter

If the oil price hit $75 in three years this would be quite positive for it.  The dividend is well covered.  They had a negative earnings surprise in their July earnings report.  Earnings are expected to grow significantly compared to last year.  If oil gets above $52 then the game is back on.


Price:
$39.180
Subject:
CANADIAN & TECHNOLOGY
Bias:
BULLISH
Owned:
Yes
2017-08-17 COMMENT Bruce Campbell (1)

Oil.  SU-T vs. VET-T.  They are getting a well developed trading range.  Oil could have $55 on the upside.  If oil goes back to the $50s then the sector is quite oversold.  SU-T protects you and has held up rather well.  But it does not have the same upside as VET-T.


Price:
$39.580
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-08-04 COMMENT Don Vialoux

The period of seasonal strength for energy stocks is from January to May of each year. We have now passed the period of seasonal strength for energy, and it has a tendency to either go flat or lower. This is not a time when you want to be an owner. The time for repurchasing the stock would be probably in January.


Price:
$41.730
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 DON'T BUY Bruce Murray

Not a big fan of energy. Canada is the high cost producer at the end of the pipeline, and this company is at the end of that pipeline. They own assets that have been bankrupt 2 or 3 times in the past, so they don’t have cash depreciation costs on a lot of them. Cost per barrel is in the $20-$25 range, so they are getting cash flow, but they are really not covering depreciation on the plants. He wouldn’t own this.


Price:
$40.360
Subject:
NORTH AMERICAN
Bias:
BULLISH on US MARKET
Owned:
No
2017-07-28 COMMENT Greg Newman

Buy, Sell or Hold? This has had excellent production growth since 2014. Their major projects remain on track. Their recent earnings were in line. He is modelling 10% production growth 2017-2019. 4% cash flow per share growth. Good balance sheet. The payout ratio for 2017 is about 109%. A blue-chip name in the Canadian oil space.


Price:
$40.360
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
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