Suncor Energy Inc (SU.TO)

Buy on weakness. Wait for share price to fall. Good long term business. If economic hard landing, will be tough on energy industry. 

It has a new CEO and 4 1/2% yield. Wait for a reduction in oil prices since they are at their higher end.

Very solid company with widely acknowledged problems in upgrading facility. Must grow through M&A. Trading at discount to CNQ. Better names to invest in sector. New CEO very strong. Could be good in the future. 

The stock is going sideways but pays a good dividend. CNQ and Shell could break out better.

The chart has returned to previous highs. Has sold half his holdings already. Will it break out above current levels. He tries to be optimistic, but he took profits.

We see recent M&A as a positive, as SU needs supply. For Suncor, the recent purchase secures long-term bitumen supplies for the upgraders at its Base Plant, prolonging the operation’s lifespan. The company has been searching for new supplies for the facilities after the Canadian government signaled last year that it might not approve a project to extend the life of the mine that currently feeds them. So, positive for operations, but the total value is still quite small for the size of SU (about 3.5% of market cap). 
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Large-cap oil companies are just hemorrhaging cash with buybacks and dividend increases. Mature, well managed. Buy it on sale. Core holding for income and some growth. Excellent optionality.

Owns shares (about 5% in portfolio).
MEG and Cenovus better options. 
Good for long term investors (5-10 years).
High exposure to oil prices. 
Expecting 60% upside, or ~$90 share price. 

Prospects depend on commodity price. Her energy exposure is through pipeline stocks, whose cashflow is more defensive than that of a producer. For yield, go to the pipelines. ESG is a headwind to producers in general.

If it continues to rise, he'll hold on, but if it breaks down to around $37, he'll sell it. It's been sideways since early 2022. 

CEO is great, improving safety and cost-cutting. Main asset depletes around 2035, so they need to address this. Future free cashflow payable to shareholders not as competitive as CNQ or CVE. Trades at a discount. Good leverage to the price of oil. Good upside, but MEG and BTE are still the best for bullish oil.

In oil, buy at home, but Canadians, because they're much cheaper and are more likely to hike dividends like CNQ, Suncor or TOU-T. Great cash flows and buying back shares. Even if oil is above $70, these stocks remain cheap.

2023 has been disappointing compared to 2022. Still seeing 15% free cashflow yield. Yield is 5.3%. OPEC+ are actively trying to keep oil price high. Economic and population growth will result in long-term demand against a backdrop of limited supply. 

Pays a 5.4% yield. Owns CNQ instead. SU was a darling among US investors, but the quality of their assets wasn't good enough to get them through 2020. Probably, though, it's fine from here, but he prefers a natural gas or nat-gas/oil company.

Major correlation to oil price.
Like energy sector with high free cash flow and dividend yields.
Not highest pick for Canadian oil sands companies.
Prefers CNQ and Cenovus.