
TSE:SU
This summary was created by AI, based on 16 opinions in the last 12 months.
Suncor Energy Inc. has garnered significant attention for its recent turnaround under the leadership of a new CEO. Experts express a generally positive outlook on the company's future, highlighting its strong free cash flow potential and efficient operations. While some reviews note a temporary underperformance, particularly with the CEO transition, there is an expectation of substantial upside in the next couple of years, potentially reaching 40%. Analysts indicate that Suncor's focus on reducing costs and returning capital to shareholders through dividends and share buybacks enhances its attractiveness. However, there are mixed opinions regarding the stock's current valuation amidst fluctuating oil prices and market sentiment, with some experts preferring competitors like CNQ but recognizing Suncor's solid fundamentals and long-term prospects.
Suncor (SU-T) or Canadian Natural Resources (CNQ-T)? If he were going to own a 2nd oil sands stock, it would be this one. These 2 are the cheapest. If things get tacky in the Middle East the price of oil will go up but markets could go down and he doesn’t see oil bucking the market (See Top Picks.).
Tied into the oil sands in a big way and also has a network of gasoline stations so it is an integrated. Not a huge amount of risk and looks reasonably well priced at these levels. He is not particularly keen on integrateds these days. Would prefer Crescent Point (CPG-T) or Baytex (BTE-T), both of which have higher yields and are shipping heavy oil by rail.
(A Top Pick Aug 26/11. Up 5.96%.) Big exposure in the oil sands and there is a lot of controversy in this sector, which has hurt oil sands stocks. Really well-run company with great assets.