
TSE:SU
This summary was created by AI, based on 16 opinions in the last 12 months.
Suncor Energy Inc. (SU-T) has garnered positive reviews from various experts, highlighting its significant turnaround and robust positioning in the oil sands sector. Many analysts appreciate the company's long-life reserves and efficient operations, which they believe are well-managed and capable of generating substantial free cash flow (FCF) over the long term. While there are forecasts of potential declines in oil prices, experts generally see SU as a solid long-term investment, particularly due to its shareholder return strategies through dividends and share buybacks. There is an acknowledgment that while other Canadian energy stocks like CNQ may offer similar opportunities, SU remains a key player in the energy market with good growth prospects amidst fluctuating commodity prices.
There are higher oil prices, but oil stocks are hitting lows. This is a tremendous disconnected. Seasonlity is in the first half of the year, the run-up to summer driving when the oil price peaks. This year, we're not seeing the typical rally in SU-T. The tone is pessimistic, but there is a great buying opportunity coming up.
Great company. Owns CNQ instead. Incredible assets. Very defensive. More dividends and buybacks, incredible free cash flow. If you own it, consider it a long-term hold. Perfectly fine to own in the current environment.
Pays a 4.4% dividend, but it's volatile so don't focus on the dividend. He traded this recently, selling it to buy CPG-T which has hit a bottom. $36 is a stop and $41 is a top. In a given year, SU will rise only a few percentage points, whereas other oil stocks like CPG-T will leap several dollars on good news.