Suncor Energy Inc

SU-T

CNQ and SU He owns no oil stocks, but CNQ and SU are good. He sees no relief for oil stocks after the election, which could result in a coalition government. Doesn't see pipeline problems lifting.

SU vs. CVE. Doesn't love energy so much. Has its challenges, China being one of them. Another being energy pricing. Suncor is coming into a level of support. If he owned it, he'd give it the benefit of the doubt and hold. Might be a buy for a more aggressive investor. Cenovus is off its support level, and attempting a trend. Oil tends to do best in the spring. If we see any kind of a rally around $15, he'd sell.

Pays a 4.4% dividend, but it's volatile so don't focus on the dividend. He traded this recently, selling it to buy CPG-T which has hit a bottom. $36 is a stop and $41 is a top. In a given year, SU will rise only a few percentage points, whereas other oil stocks like CPG-T will leap several dollars on good news.

There are higher oil prices, but oil stocks are hitting lows. This is a tremendous disconnected. Seasonlity is in the first half of the year, the run-up to summer driving when the oil price peaks. This year, we're not seeing the typical rally in SU-T. The tone is pessimistic, but there is a great buying opportunity coming up.