Suncor Energy Inc (SU.TO)

Very impressive turnaround under new management team. They're about 1.5 years through their 3-year plan, and ahead of schedule. Exceeded every target set. Deep cultural change is important to highlight. Breakeven (including dividend) has moved into the range of mid-$40 US a barrel.

Returning 100% of FCF to shareholders via dividends and buybacks. Well-integrated, solid model insulates it from low oil price.

A core Canadian energy name, along with CNQ. Still, energy space has been very tough. Prices have been low, OPEC producing more than expected. Regulatory environment in Canada is challenged, as is the macro global economy. 

Definitely continue to hold. Still sees quite a bit of upside. Has done quite well this year, after having safety issues 3-4 years ago. Trying to go more green. Integration gives it nice diversification. One of his core holdings.

(Note the short timeframe.)  Still likes it. Not a Top Pick today because he wasn't allowed to choose the same one again ;)  Great business, fully integrated. Energy's not going away or being consumed less. Buying back lots of stock, low valuation, makes lots of $$.

It has had 6 consecutive quarters of beating expectations. He prefers CNQ with its strong history of consistent growth and 5% dividend which it has been raising for 25 years.

Has made tremendous strides over the last couple of years. BMO's report on insider buying shows highest level in last 5 years, and that speaks volumes. Timing is quite good, with oil showing resistance at $60. Very healthy at under 1x debt to EBITDA.

Look beyond 2025, when tariffs will have been resolved. Energy should bypass a lot of that because of how strategic it is, so we're not going to see a 50% tariff.

Seeing better pricing on crude products from Western Canada, a game-changer for a stock like this. Balance sheet can withstand shocks. Starting to see realistic moves by Canada to open other export markets for energy. Trading at extremely low valuations, time to start picking away at it for the long term. Yield is 4.61%.

He likes the big integrated names, but doesn't own any oil producers now. His team deemed that group as having first-derivative vulnerability to tariffs on volumes and profitability. Premium brand in the space. He's waiting out some of the volatility on the price of oil before getting back in. Nice dividend.

He sold off a bunch of energy names, but retained this one. Concerns about global recession is hitting energy names. He's in the camp of too early to think about a recession, and tariffs will look very different 6-12 months from now. If we see there's no recession, things can turn around quickly.

200-day and 200-week MAs still moving higher, a good sign. Right at 200-week MA today, and that can be massive long-term support for most stocks. If you own, don't sell. If wanting to buy, this might be your chance to look at it. Yield is 5%.

Pretty deep support around $47, right where it is now. Recent chart shows how it went nowhere for a while, so the break is significant. Energy's been hit dramatically.

Has done a great job of taking market focus off of Base Plant mine depletion down the road. It trades at a slight premium to Cenovus, which SU could buy, but he hopes not.

Was the ugly stepchild but improved operations dramatically, and that's why it's outperformed CNQ.

Cheap 12x PE. Decent yield of 4%. Likes its vertical integration (exploration, production, retail). Options: sell April $56 for $1.70

Company has recently turned around with new management. Strong capital discipline. Very strong dividend. Excellent assets with very long reserve life of oil assets. Share prices are still cheap - would be a good long term hold. 

Likes energy. A name he likes based on the sideways trading chart.