NYSE:SU

Suncor Energy (SU)

63.37
+1.15 (1.85%)
as of Jun 8, 2026, 2:49:24 pm Market Open.
133 watching
0
Investor Insights
star iconJun 7, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

Suncor Energy (SU-N) is currently experiencing favorable conditions due to a significant demand for Canadian oil, particularly from US refiners who rely on this supply despite a 10% tariff on Canadian oil. As Canadian exploration and production (E&P) companies are outpacing their international counterparts, including those from Europe, the US, and Australia, Suncor stands to benefit from any potential shifts in the global oil supply landscape, especially given ongoing tensions in the Middle East. The earnings estimates reflect a stark contrast, with US energy companies facing a predicted -12% earnings decline this year, while Canadian energy firms, including Suncor, are only expected to see a minimal decline of -0.20%. This favorable positioning suggests resilience in the face of global supply issues, highlighting the robust demand for Canadian crude. With the ability to meet the US's insatiable oil demand, Suncor is well-placed to capitalize on its strategic advantage in this climate.

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Consensus
Positive
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Valuation
Undervalued
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Similar
Cenovus, CVE
BUY

Where will supply shift? This year, the Canadian E&Ps are outproducing all other international E&Ps, including Europe, US or Australia. He also bought ENB, which delivers the crude oil to the US. The US refiners have an insatiable need for Canadian oil. There's a 10% tariff on Canadian oil. Well, guess what--the Canadian oil companies are not eating the tariff, but rather the US refiners. If there's a shift in supply (given Mideast tensions), Canada will be able to supply that oil. US energy companies have a -12% earnings estimate this year vs. Canadian energy of only -0.20%

DON'T BUY

In another time, he'd say try this, given its 4% yield, but not now with weak oil prices.

BUY

Everyone should own at least 1 oil stock and this one pays a nice 4% dividend.

BUY
options On Friday, investors were buying the 44 strike June calls. Now, they're buying the July 40 calls. Interesting, even though shares have pulled back 4-5% since last Friday. Investors will want to be in there. There was a buyer of nearly 11,000 of the July 40 calls for $1.75. That's why he believes energy still has more upside--there's unusual option calls to the upside.
BUY
An underperformer now doing catch-up. As long as oil prices stay high, SU has more run to run. It's a Canadian oil sands company, which is an expensive, difficult way to extract oil, but is enjoying high demand given the oil shortage now. The oil sands can see tremendous earnings growth levered to the high price of oil. Conversely, if oil prices soon peaks, this stock will be a dog.SU shares are up 40% YTD. A short-seller is shaking things up, because SU is lagging behind its peers, the second-worst performing Canadian oil sands company because of poor execution and a terrible safety record including 12 deaths (according to the short-seller). They also haven't lowered their production costs as their bitumen production has been declining over the past three years. SU is a relatively cheap stock with a terrific activist kicker and pays a 3.6% dividend.
BUY
It looks fairly attractive. It re-instated its dividend with a 5% yield. It is still down from before Covid but is generating lots of cash flow. Next year earnings per share could be 50% higher. The CEO bought half million in stock several months ago. It looks attractive as a catch up trade since it has lagged the rally.
DON'T BUY

Biden doesn't want oil and gas to come into America from Canada. It worries him a lot, because he likes free trade. Given this, he prefers Chevron.

TOP PICK
They just reported earnings and beat the street. This will rise in tomorrow's trading. He's been adding to it. (Analysts’ price target is $49.78)
DON'T BUY
Basically a tar sands company. However, it is an integrated and does have gas stations. Americans really like it but he finds it expensive at 18X. Would consider buying at under $100.
TOP PICK
They've got their oil sands operation back on stream. An exceptionally well run company.
DON'T BUY
If you want to have an almost pure play exposure to the oil sands, this is a great name to own. For the long-term, probably the best play in the energy business to be. Have probably seen the best share price movement and probably not cheap at this point.
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Suncor Energy (SU) Frequently Asked Questions

What is Suncor Energy stock symbol?

Suncor Energy is a American stock, trading under the symbol SU (previously SU-N on Stockchase) on the New York Stock Exchange (SU). It is usually referred to as NYSE:SU or SU

Is Suncor Energy a buy or a sell?

In the last year, 1 stock analyst published opinions about SU (previously SU-N on Stockchase). 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Suncor Energy.

Is Suncor Energy a good investment or a top pick?

Suncor Energy was recommended as a Top Pick by Norman Levine on 2006-04-27. Read the latest stock experts ratings for Suncor Energy.

Why is Suncor Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.

Is Suncor Energy worth watching?

1 stock analyst on Stockchase covered Suncor Energy in the last year. It is a trending stock that is worth watching.

What is Suncor Energy stock price?

On 2026-06-08, Suncor Energy (SU) stock closed at a price of $63.37.