Suncor Energy Inc (SU.TO)

Currently underweight in oil and gas. Commodity producers are slaves to the one thing they can't control, the price of the commodity. Somewhat insulated from the commodity price. Great company, financially strong. His pick is CNQ.

Owns shares in portfolio.
Currently the sector is under valued.
Very strong reserve base.
Good management. 
Safe dividend yield around 4%.
Would recommend buying. 

Owns some shares in holdings.
Health and safety improvements will help the company.
Highest payout in any Canadian company (dividends and share buybacks).
Strong balance sheet. 
Expecting a 100% return on share price.

He wouldn't like to see the company split up. Aggressive US managers are pushing for change. Extremely inexpensive. Continues to recommend. Yield nearly 5%.

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.  
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He has a significant position in SU. Energy prices will continue strong for a protracted time. Energy sector will continue to do well.

As with CNQ it has great long life assets and generates good cash flow. There is not a lot of new supply coming in and we should see some pickup in drilling in the U.S. over the next year.

New CEO an outsider which is good.
Health and safety issues improving.
Concerns on longevity of assets.
4-5 turn around on company prospects.
Current share price presenting a buying opportunity for long term shareholders.

Pretty positive quarterly results, as people were expecting. Three clouds overhanging: safety, CEO still be be named, Fort Hills cost profile. It's one of the 3 energy names he'd use. He follows SU, CNQ, and EOG quite closely. These energy companies are gushing cashflow now. 

Pays a 4.5% dividend that will increase. Global demand for oil continues to outstrip supply, which is minimal these days. Are disciplined and instead enhancing share buybacks and dividends. China reopening is a catalyst.

Largest oil sands producer in Canada.
Likes the stock and will continue to hold.
Excellent assets with very long life.
Costs coming down on the operations.
Refining operations also very strong.
Record profits producing large amounts of cash flow.
New management should improve company performance.