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Compiling comments that experts make about stocks while on public TV.

2017-06-07

Opinion for Suncor Energy Inc (SU-T)

Signal Price Bias Subject Owned
TOP PICK $41.140 UNKNOWN NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION Yes

If you want exposure to energy, but don’t want to lose your shirt if oil prices go down, this is the way to do it. Year-to-date oil is down about 10%, and this one is down about 5%. A good way to participate. It is integrated. They are exploring, refining and selling it at the pumps. A conservative way to play energy. Dividend yield of 3%. (Analysts’ price target is $50.)

Kash Pashootan
Sr. VP & Portfolio Manager, First Avenue Advisory, Raymond James

1 Comment

utiac

June 8th 2017 at 7:28am

Participate but only lose 5%? This stock was $55. in 2008 and since then it has paid a small dividend but not much else. Post 2008, there was a peak at $45. in Feb 2011, it touched that again in 2014 and then touched $44. last December.

*If* oil prices rebound, there will be upside, but I wouldn't expect anything dramatic - you might only lose 5%.


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