TSE:SU

Suncor Energy Inc (SU.TO)

95.67
-1.34 (1.38%)
as of Sep 25, 2026, 4:34:10 pm Market Open.
1173 watching
0
HOLD
Now that he is enthusiastic about energy going forward, SU-T is actually relatively expensive to its peers. This may actually cause them to under-perform in the space. If you want the consistent cash flow and decent yield you can continue to hold this for the next 30 years. He has moved out looking for better opportunities.
TOP PICK
A lot of institutional investors own these. They have not done well in the environment we have seen, but the yield is over 4% and they have well integrated operations with some of the best assets in Canada. (Analysts’ price target is $52.87)
HOLD
A core holding. Valuation, long-life reserves. Safe, dividend-oriented, and international interest in it.
TOP PICK
Stocks like this have a history of bouncing back from a sell off. It’s at the low end of its trading range and would be buying it here.
WATCH
It is one of the best looking charts and has not deteriorated as much as some of the others. They are well managed and in a good position. What they need is to get product out of Alberta. You need the oil pricing and that is all.
HOLD

SU vs. CVE. Doesn't love energy so much. Has its challenges, China being one of them. Another being energy pricing. Suncor is coming into a level of support. If he owned it, he'd give it the benefit of the doubt and hold. Might be a buy for a more aggressive investor. Cenovus is off its support level, and attempting a trend. Oil tends to do best in the spring. If we see any kind of a rally around $15, he'd sell.

TOP PICK
If there is a recession, oil probably won't perform well. Dividend yield of about 4.5% is good, and it's not just a commodity price taker. If there is money flow back into Canadian energy, they will be the first to profit.
DON'T BUY

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.

HOLD
This is the safest oil stock to own in Canada. He is not keen to become a new buyer, but will continue to hold it. Don't catch the falling knife. Great balance sheet, but until oil stocks stabilize, there is no need to get back in. Yield 4.5% (Analysts’ price target is $53.00)
PAST TOP PICK
(A Top Pick Jun 18/19, Down 9%) July to the present, energy got crushed globally. In early June it looked like they were bottoming. Oil is starting to recover, so he is now cautious.
WEAK BUY
A great stock in an unloved sector. The market hates oil stocks, but the global oil addiction continues even with the prevalence of e-cars. SU yields over 4% that is grows regularly. Buffet is an investor. He likes its cost efficiency and most importantly they have downstream integration, so they can refine their own oil and get interntional pricing, not the low WCS price. Buy more if this? He can't say; it depends on your portfolio. Don't double-down because it's now cheap.
DON'T BUY

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.

DON'T BUY
Well run. To make money in the long run, you have to be a counter-cyclical acquirer like Suncor. If you're holding it for income, you might want to stick with it. Resilient cash flow profile. But as a total return growth stock, better opportunities elsewhere. Shareholder friendly. Yield is north of 4%. One concern is oil prices. He'd be more defensive.
HOLD

He likes both SU-T and CNQ-T and has made it a Top Pick in the past. Both these stocks continue to be good to hold. SU-T will continue to be a core holding for him as he likes both their upstream and downstream assets.

COMMENT
The weighting of energy on the TSX from the low-30s% to 18% and SU makes up a big part of that 18%. SU has been the go-to Canadian oil stock. You can make money on SU, but there are less risky stocks out there.
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