TSE:SU

Suncor Energy Inc (SU.TO)

96.57
-0.44 (0.45%)
as of Sep 25, 2026, 8:00:00 pm Market Open.
1173 watching
0
DON'T BUY
Still in a downward trend and has yet to show signs of support. This stock has a history of moving lower as we get into June.
HOLD
(Market Call Minute) Taking a bit of a lump here.
DON'T BUY
Canadian oil producers are in a tough spot. They are not really getting West Texas and West Texas keeps falling. Have had a lot of production problems. Buying back shares. Thinks they reduced their capital budget.
WEAK BUY
Would probably be a buyer but prefers Canadian Natural (CNQ-T) because of the greater emphasis on the oil sands production.
COMMENT
Still kind of digesting their Petrocan acquisition. He prefers a pure oil sands play like Cenovus (CVE-T). This company is doing a few good things. They’ve sold off some non-core assets at good prices. They are rationalizing the Petrocan business. When the oil price starts to go up over the next couple of years, they will benefit from being a broadly integrated company but this will take time.
PAST TOP PICK
(Top Pick Jun 9/11, Down 24.22%) Model price $56.88. Doesn’t think there is more risk in this one.
TOP PICK
(A Top Pick July 13/11. Down 23.35%.) Operationally, everything is going according to plan. They digested the Petrocan acquisition and continue to improve efficiency and generate cash flow. This is more a market issue as opposed to a company issue. Something to accumulate in this downdraft.
HOLD
A lot of large cap energy stocks have sold off but it is predicated on energy prices. Crude has really pulled back. You need crude at $85 to make oil sands profitable. They are not even getting WTI. The pipeline may not get built for a couple of years down the road. Wait for the result from the Euro zone.
BUY ON WEAKNESS
Tied into oil sands but they also have refining and distribution where margins have improved significantly. Dividend is not that exciting. Prospects for growth are not that exciting. Buy closer to $20 and sell at $35
COMMENT
(Market Call Minute.) Middle-of-the-road. Difficult oil sands is hard for it. In a bit of a struggle. Rises with a rally in the sector.
WAIT
He would wait because it has not completely tested the lows. CPG is his preference
TOP PICK
A significant position for him in the oil and gas area. You can play both gas and oil with this one. You also get the benefit of the upstream and the downstream operations. Thinks the whole is selling at too much of a discount to its parts. It is selling at too much of a discount to its cash flow. Eventually the market will recognize the underlying value of this one.
BUY ON WEAKNESS
Likes it. Thinks they will raise the dividend before the end of the year and again next year. Lowest cost of the oil sands guys because they have been at it the longest. It has performed so poorly because it is the one Americans identify with oil sands. They have been fairly net large sellers recently. Buy at $40 and it should go to $35 even though the net assets are $40 and if Greece is solved then it could hit $40.
COMMENT
Suncor (SU-T) or Teck Resources (TCK.B-T) as far as dividends are concerned? This company is going through a consolidation of Petrocan, which hasn't worked out as well. He would prefer Cenovus (CVE-T). Teck Resources is a well-managed company and they’ve really got their debt down. He likes metallurgical coal longer-term.
PAST TOP PICK
(A Top Pick June 9/11. Down 28.39%.) Coming close to a very important support level of $26.75. If it breaks that level, he would become very bearish on his position. The model price is $56.86, a positive 106%.
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