
TSE:SU
This summary was created by AI, based on 16 opinions in the last 12 months.
Suncor Energy Inc. (SU) has garnered a mix of positive insights and considerations from experts. Many commend the company's impressive turnaround under new management and note its strong potential due to the long-life reserves of oil sands, combined with significant free cash flow generation. While some analysts highlight its solid operational efficiency and attractive dividend returns, others raise concerns about the potential volatility tied to fluctuating oil prices and the challenges facing the broader Canadian energy sector. Despite these concerns, there is a prevailing sentiment that SU remains a good long-term investment, particularly given the backdrop of increasing demand for Canadian energy and ongoing infrastructure development. The stock is viewed as a core holding in the energy space, with substantial upside potential amid reasonable valuations relative to peers.
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.
Investors have collectively decided that the banking crisis will cause a hard landing recession and thus a drop in oil demand.
It is certainly one possibility, but it is also possible that it doesn't.
Valuations look good for investors willing to look beyond a few months.
Unlock Premium - Try 5i Free
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.