Suncor Energy Inc (SU.TO)

(Top Pick Jul 31/12, Up 7.93%) Still likes it $58.59 model price, 80% upside. Maybe the value will be recognized over night. When the differential is this much it puts pressure on management.

(Top Pick Jul 31/12, Up 23.84%) $33.22, 15.3% upside. 3.3% dividend. Nice upside in terms of model price and you can sleep at night with the balance sheet. 15-30% model upside is normal now.

Has been an extremely disappointing stock. Likes it at current levels. Thinks that the upside is $40. There has been a change in CEO and a real concentration on returning more to the shareholder. You have seen a significant dividend increase and he thinks this will continue. Good capital management.

Good name. Great oil sands company and if you want exposure, this is a great name to own. The issue is, how are they going to get their product out. The whole infrastructure issue is an important one for long-term investors. Definitely the resource is there but it is matter of getting it to market. With the US slowly becoming more energy efficient, we need to find places to get it offshore. Probably not a bad time to start picking at it.

A lot of oil stocks are starting to show some life. However, there is a bit of a ceiling on this one at about $35 so there is a level of resistance coming up. If you own, stay in it as there are probably a couple of bucks in it but watch the $35 level as a possible Sell level.

What is your outlook on the assumption that the XL pipeline is never built? With or without the pipeline, he is quite happy holding this because they are an integrated player. As a refiner they can capture the full pricing of oil when they market it at the end product. Producing 550,000 barrels per day right across Canada. Excellent operations. Doubled the dividend to 2.5%.

Huge oil sands play in Canada. The whole oil sands is very high cost oil. If oil drops it will have a massive impact on their stock price. It is probably the best in the group, however.

(Top Pick July 31’12, Down 0.92%) 80% upside to model price. There is a risk to come back to EBV. It is out of favour and unloved. Pays a dividend now. It is cheap. He has another oil pick for today. He would hang with it.

If they do the cross-Canada line then it will benefit SU-T. Wants to see this more promising before jumping in.

Very cheaply valued at only about 5X cash flow. This is an integrated player. There are a lot of things they are doing that could improve their costs as well as wrapping up production. Yield of 2.61%.

To get US investors to come back to the stock en masse, the Keystone project is very important, despite the positive impact that rail has had. As a company that is devoting more capital to more projects, he feels investors are really leery of this. They prefer to look at it is a free cash flow machine.

He is watching it closely. A lot of the oil sands stocks are showing signs of bottoming and this is one of them. It is finally forming a nice little base. Strength is July to Oct. We are getting close to this time. Oil stocks have not responded to the breakout in oil price today. He is looking for $112/barrel for West Texas oil by end of September.

(Market Call Minute.) May be a buy when the US guys get more interested.

Excellent quality. Integrated including gas stations. Margins have improved. Had sold his holdings but is now looking at this again. This is a good, long-term hold. Not a big yield.

A great proxy on the unfolding Canadian oil/gas situation, where prices are going to be robust. Probably a pretty good bet.