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
BUY
Focus on the question: are they increasing production? Yes. Is oil going to get any cheaper over the long term? Hard to imagine. Over the long term it is just going to go higher. The Chinese just keep buying cars. The rest of the world is growing quite quickly. Would buy it but his Top Pick today is cheaper.
DON'T BUY
A good company. When Americans want to buy oil and gas in Canada this is one of the go to names. You can buy it here. It is fully valued around $37/$38 and if this correction continues you might see it under $30. There is not a lot of support for these stocks right now.
PAST TOP PICK
(Top Pick Mar 2, 2011, Down 24.29%)
DON'T BUY
Theres been better price performance in companies that are using some of the newer technology to unlock oil. Oil sands companies have been weaker performers over the last while. This company has some tremendous assets and the company is worth a lot of money. There have been technical difficulties that have created higher costs. He would prefer one of the growthier companies like Crescent Point (CPG-T), which is 90% light crude.
BUY
When you see oil at $108-$109, that is not the price they are realizing for their barrel. As much as a boom in oil prices is great and this company should be doing a little bit better, this is one of the issues for them. This is a great entry point. You have low natural gas prices, which they use a great deal of.
BUY
Lined up just beautifully. Has just completed a nice little bottoming pattern and established an upward trend. Technicals are very positive. Outperforming the TSE composite. Has all the technicals you want. Seasonally, the stock tends to move higher from the middle of February until the middle of June.
TOP PICK
(A Top Pick July 13/11. Down 5.31%.) Getting back on track now. Middle Eastern issues are really not that big and are only a small portion of the portfolio. A lot of free cash flow. Increased their dividends.
BUY
Fair value of oil is around $8-$92 a barrel. The difference between this and the recent prices is fears of about what might happen in the Middle East. This is his 2nd favourite stock in the oil sands. (1st is Canadian Natural Resources (CNQ-T).
COMMENT
Canadian Natural Resources (CNQ-T) or Suncor (SU-T)? He is traditionally underweight large index names. His sweet spot is intermediates and small-caps however this would be a candidate for addition.
HOLD
Has a good production growth profile in the short term. Longer term they have cost problems. Thinks the stock price could go into the $40 range or the very high $30's and he would then start to scale out of it.
BUY
One of his largest holdings in the oil sector. A top pick in the past. Are the dominant player in the Canadian oil patch. Underwent a lot of change since the Petro Can takeover. Improvement in refining margins. There is real value in them going forward. Market is hesitant to give them the value they are due.
BUY
Crescent Point (CPG-T) or Suncor Energy (SU-T)? Doesn't like Crescent Point so he would choose Suncor. This one gives you many years of reserves in the ground and a growing production.
DON'T BUY
Attractive, but not incredibly. SU is closer to fair value than the broader market. An issue with oil prices goes away shortly. Prefers others, such as one of his top picks.
TOP PICK
This name really screens well. Super cheap. The refining aspect helps the story. Cheapest and valuation of all the big names. Looking for 25%-30% upside from here.
PAST TOP PICK
(A Top Pick Feb 18/11. Down 22.89%.) A key asset.
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