Suncor Energy Inc (SU.TO)

He uses some seasonality and some technicals when looking at stocks, but he doesn’t try to time the market. SU has had an incredible run. It is now starting to get into reasonable levels. Lots of Canadian energy plays have perked up. This is a fine entry point.

Stock had a pretty good run, especially after last quarter. One of the best oil sands producers in Canada. Has building growth. Management team has improved capital efficiencies and became more friendly to shareholders. In the near-term, they may have to consolidate a little bit. If you hold this, you will have increasing dividends and incremental growth. Thinks the next level will be $40-$45.

Prefers CVE and CNQ. There is nothing wrong with SU. Well managed. Free cash flow is starting to get thrown off, they are increasing their dividend and buying back shares. Likes CPG because it is leveraged to light oil and has a large dividend.

Between dividends and buybacks, they have returned something like $750 million in the near-term. Thinks it will remain strong and will probably eclipse its old high. The big warning he would give anybody is that these names are cyclical.

Reported a good quarter. There is some 6%-8% oily growth.

A recent add to portfolios. We are starting to see the reduction in the discount from heavy to light oil because of increased capacity to get oil to the gulf. He has more CNQ than SU. Weak Canadian dollar is beneficial for this group.

Stock vs. Stock: CVE, CNQ or SU for an oil sands play. Not a pure oil sands play. A more diversified oil company. Prefers Hess Corp.

He is waiting to see what happens with the west to east pipeline and what happens to the Keystone pipeline. Would like to see it below $40 before he would buy it.

It looks like you will get a break-out. Likes the oil focus and their practice of returning capital to shareholders. They are making a lot of the right names. Prefers TOU-T

The whole energy patch has done well so far this year. It’s been the hot sector in Canada this year. This stock languished for a long time and feels it is still trading at a reasonable valuation. Pays a dividend. A blue chip way of getting exposure to energy in Canada.

Has had a lot of volatility over the last few years. The lid of around $35 which was containing this stock was broken in mid-2013. That was pretty good news. This was followed by another level of consolidation and it seems to be breaking that right now. The bigger picture so far is healthy. As long as it keeps keeping the bridges as it moves out, he would continue to hold it.

94% oil / 6% Nat Gas. If you can get it in the low $30s buy, but don’t chase it. There is no urgency to buy it now.

(Top Pick Apr 30/13, Up 27.96%) Seeing a very large change in the economics of Natural Gas. He has deployed some profits to the Nat Gas side to diversify.

Energy names in Canada are starting to break out a bit. Hold onto this particular stock. Thinks it will start to perform.

Has done a good job of generating tons of free cash flow and are on a trajectory of increasing their dividend.