
TSE:SU
This summary was created by AI, based on 16 opinions in the last 12 months.
Suncor Energy Inc. (SU) has garnered praise for its remarkable corporate turnaround and strong performance under its current management, noted for streamlining operations and generating significant free cash flow. Despite recent challenges, including the stepping down of the CEO, experts see potential for substantial upside, with estimates of up to 40% growth in two years if the momentum continues. Many experts consider the stock's valuation as attractive, especially in comparison to peers like CNQ, suggesting that it remains a compelling option for income and growth as oil prices fluctuate. The company's long-life reserves and commitment to returning capital to shareholders through dividends and buybacks bolster its favorable standing in the energy sector, contributing to a generally positive outlook.
Eidtor's Note: He does not hold stocks for long. Since his strategy is trading stocks these past picks were made only about a month ago. It is following the same sideways chart as energy stocks in general. He is buying at around $38 for a trade. A breakout trade would be even better. Pays a 5% dividend.
He's in trading and defense mode. Great company. Has come down to a probable support point. Time to start accumulating positions. Probably oversold and ready to bounce, and if it doesn't, he only has a 2% position and the company is a big cap, well known name. Yield is 5.29%.
(Analysts’ price target is $52.29)Very high quality. Headwinds of safety and production issues. New CEO seems to be a good move. Lots of free cashflow. Increasing impressive dividend, now about 5%. Paying down debt, so balance sheet is strong. Growth strategy in place. Underperformed YTD, but will catch up longer term. Good buy here.
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.