
TSE:SU
This summary was created by AI, based on 16 opinions in the last 12 months.
Suncor Energy Inc (SU) has garnered attention for its significant turnaround under the current management, which has streamlined operations and improved financial performance. Experts note that the company has strong prospects due to its profitable oilsands operations, which are expected to generate cash flow for many years, bolstering both income and growth potential. There is a prevailing optimism about its future, with predictions of substantial upside in stock value, even amidst concerns regarding recent CEO changes. However, there are suggestions to consolidate positions or reassess targets in light of fluctuating oil prices and market conditions, reflecting a cautious yet favorable view on the company's long-term trajectory.
The integrateds have held up better than the producers, though they have struggled lately. Canada has a huge problem with WCS with its heavy price discount. SU is very low- cost, but you still have to wait well into next year before the lack of capacity (Canadian pipelines) is fixed). This stock is flat, so you're essentially earning only the dividend.
OIl and gas has been under a cloud. SU is now very inexpensive and an excellent buying opportunity. It has some of the best assets in Canada, especially downstream, and is the most profitable refiner. Margins are improving and they are buying back stock. Dividends should improve in the next few years. (3.2% dividend, Analysts price target: $61.63)