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
Good investment at these levels. Before they merged with PetroCanada they were primarily oil sands but with the merger has been diluted down to about 50%. Will be able to use PetroCan’s cash flow to further develop their oil sands projects. Good management.
STRONG BUY
The merger with PetroCanada was a good deal. Companies that owned both companies have been selling down positions in order to adjust their weightings so the price has not moved much. It is digesting. Now cheaper than it has been for most of the last 5 years. Benefiting from lower gas prices, which is used in the tar sands.
STRONG BUY
Very pleased with the merger with PetroCan (PCA-T) and its outlook. Although PetroCan had some great assets, management was not as good as it could have been. Suncor has far superior management. Is particularly high on their oil sands holdings. (See top Picks. He could have picked this as well.)
TOP PICK
Just completed a merger with PetroCanada, which de-leverages the balance sheet. This gives them room to grow the oil sand production and focus the company. PetroCanada has been under performing so there is a lot of opportunity to create value from the asset base. Sees oil getting to the $80-$90 range.
BUY ON WEAKNESS
Has done very well because of its leverage to oil prices. If there is a correction in oil prices, he could see this dropping to below $30.
SELL
Core holding you want to own, but depends on your overall view of the commodity. Oil prices have been strong recently and he thinks it is due for a correction so wait for a lower price.
DON'T BUY
Going to be one of the goliaths after this merger. Since no one will be able to buy this company (take it over) because of Canadian content, the multiple will continue to be challenged.
DON'T BUY
Wind farms don't strike him as Suncor as its best. Doesn't think they will ever be profitable. Would rather have them take a look at what they do best and doing it better. Not a big plan of their plays.
TOP PICK
This will be the next big Canadian “go to” name. On a global basis, if you want to invest in Canada, it will be this company. On a net asset value basis, out of all the large caps, it is the cheapest.
DON'T BUY
This is right at a point where he is even considering selling it. A little concerned that they are going to have too much on their plate with the merger of PetroCan (PCA-T). Prefers Canadian Natural Resources (CNQ-T).
BUY ON WEAKNESS
Merging with PetroCanada (PCA-T), which will be good. Very well managed. Oil prices are very strong right now and will continue to be so.
COMMENT
Has acquired PetroCan (PCA-T). On a Price to Cash Flow basis it is probably more expensive than Canadian Natural Resources (CNQ-T) but about the same as Encana (ECA-T). Great potential. Prefers the pure play of Crescent Point (CPG-T), the gas play of Daylight Energy (DAY.UN-T) and Encana (ECA-T). (Also see Top Picks.)
DON'T BUY
Oil stocks have had a pretty big bump. 50-day moving average is starting to turn down. 200-day moving average has flattened out. He can't see a big driver right now. Volumes are low. He would wait for a pullback.
DON'T BUY
Acquiring Petrocan (PCA-T). This is an interesting company but thinks it will take time for them to absorb Petrocan. Would consider focusing on other names such as Canadian Natural Resources (CNQ-T) or Encana (ECA-T).
STRONG BUY
Merger with Suncor (SU-T) is pretty much a done deal. This one is in the penalty box right now because of a poor quarter. Long-term, this is a phenomenal company to hold.
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