Suncor Energy Inc (SU.TO)

A long term play that will do very well. Been weak the last month. Thinks it is a core holding. They are long term projects. It is a patient play.

This should be a name that you buy and put away. Likes that it is becoming more free cash flow positive and, is hinting to the markets, that dividends and greater dividends are important.

(A Top Pick Nov 1/12. Up 9.66%.) This was a company that lost its way a little bit, but have really gotten back to basics by lowering costs, selling assets, reducing debt and focusing on free cash flow.

A good investment in the producer space. The Fort Hills project has growth. Have commented to investors that they do not have any access to market issues for their growth. This is a free cash flow machine and is paying about $0.80 in dividends. Free cash flow next year will be about $1.80. Have been quite conservative with their capital.

You have to remember that there is a very strong global backlash against oil sands. That is another part of the whole complicated oil procedure. If you’ve held this one for 3 years, you have made no money on it. There is no upcoming trend in the market for this one. Small dividend.

Pretty good value here. Buy it for the long-term. He is a little nervous about the short-term prospects for oil prices. Stock has sort of gone sideways for the last 2-3 months. Has overcome some of their problems earlier in the year. Production looks like it is going to increase again next year and cash flow is solid. Trading at about 5.5X next year’s cash flow. Prefers Canadian Natural Resources (CNQ-T) and Tourmaline (TOU-T).

Moved into this out of Petro Canada. New CEO has had a bigger focus on returning cash to shareholders. It can’t return to previous multiples. Integrated producer so they can refine what they produce. He worries about lower oil prices across the board.

(Market Call Minute) It is undervalued and has huge cash flow that will allow repurchase of shares and an increase in dividend.

Just put themselves in a position here they have very good cash flow. Only Canadian one that will spin off cash while increasing production and while oil is falling. Valuation is compelling.

Had problems in refining and marketing in the quarter like everyone else but the oil sands side did $950 million in net earnings versus $537 million. Production volumes have gone up. BV is around $27.55. He feels a low $30 downside potentially if there is a drop in oil prices.

There are decent gains from here but has had a really good performance over the last 12 months. Very well run. Showing a lot of capital discipline. Great long-term growth prospects. Just sanctioned the Fort Hills project. This won’t be coming until late 2017 but there is lots of growth ahead of it and still reasonably priced. His target is $42 in the next 12 months.

Has restructured because of their Petro Canada deal going through. Put the company together well. Management is really thinking about Return on Invested Capital and sold off assets that they don’t need. Also, have refining, which really helps them in this part of the cycle.

Has owned this for the 1^st time in 2013 since 2008 when he got stopped out. This had needed an external jolt which came from Warren Buffett in the summer. Pretty fairly valued and there are cheaper names out there. 2.2% dividend.

(Market Call Minute.) He is supportive of the oil sands industry and this company in particular.

Was too cheap for quite a while and then had the move up. It depends on the oil price. It is fully price at $90 and cheap at $100. The headwinds out of the oil commodity for next winter are not good.