
TSE:SU
This summary was created by AI, based on 16 opinions in the last 12 months.
Suncor Energy Inc. (SU-T) has garnered predominantly positive reviews from various experts, highlighting its successful corporate turnaround and solid performance in the challenging oil sands sector. Many emphasize its potential for significant free cash flow, particularly given the long-life reserves it possesses. While there is some caution regarding the oil price's volatility and future market conditions, the general sentiment leans towards a strong long-term outlook, especially if oil prices stabilize or increase. Some analysts compare SU favorably against peers like Cenovus Energy (CVE) and Canadian Natural Resources (CNQ), suggesting that both diversification and share buybacks enhance SU's investment case. Despite a few calls for caution, notably regarding management and current valuation metrics, SU is viewed as a staple in Canadian energy investments, making it a go-to choice for dividend-seeking investors.
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.
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.).