Suncor Energy Inc (SU-T)

He owns and likes both. The difference is that SU has downstream operations with gas stations. Cenovus is integrated with long-life reserves in production plus many refineries (which has suffered major compression), so the upstream looks attractive. Both have great balance sheets and free cash flows and pay similar dividends. Another difference: it's unlikely Suncor can be bought whereas maybe Cenovus could. He gives the edge to Suncor.

Pretty core Canadian holding for energy exposure in a growth or dividend portfolio. Great company, well run. Moves in cycles with energy. Energy's popped now with geopolitical tensions. His research sees potential drop in oil price. Good hold, pretty good run. Better opportunities elsewhere for new capital.

Oil prices weak recently, generally gets a little firmer coming into winter. Lots of Middle East conflict. US energy producers in general have performed much worse than Canadian, partly because of debate on whether shale can sustain production. 

Longer term, the sector is attractive and these companies will generate a ton of cash and strong dividend growth. Near-term technical questions. He'd love to see price of oil stabilize. It has in last couple of days, but that's geopolitically driven.

Very good CEO (Rich Kruger). Gifted communicator. Excellent at building culture within company. New projects coming on. Very bullish on company. Would recommend holding. 

Older assets. Base mine nearing end of its useful life. What's next? 100% oil. Refining margins have come down from a previous premium. New CEO doing all the right things. Safety record improving. Paying down debt. Almost at 100% free cashflow being returned to shareholders.

She owns CNQ instead.

Likes it and owned it for many years, but sold last spring to switch to Cenovus. Cenovus trades at a discount compared to some of its refining assets, even after they invested in those assets last year.

Looks pretty attractive. 9/10 on value, 10/10 fundamentally. On her radar. Still runway of ~15% upside from here. Beat latest EPS. Sector has more momentum and run to go. She prefers CNQ.

Increasingly bullish. 45-50% upside. He'd prefer CVE.

He continues to like oil. We won't switch to renewables and ESG for a long time. Meanwhile, these companies are growing and their shares are cheap. Good to hold as inflation continues.

Has been researching company a lot as of late. Very interesting time for the company - balance sheet very strong. ~75% of free cash flow will now be used for share buybacks. Strong dividend with diversified business line. However, very high exposure to oil prices. Would recommend investors buying on weakness. 

High quality, blue chip. Canada's second-largest producer, one of the most integrated. Well run. Bumps along the road, reliance on the commodity can make results volatile. Lagged peers due to safety concerns and need to replace supply. Emphasis on core oil going forward. Thriving under new CEO.

Market-average profitability, strong balance sheet, trades at 10x PE. Likes it here for a buy, add more on a pullback. Nice yield of 4.2%.

They have the Oil Sands, so they don't need to explore for new assets. The management team has turned the corner. They just hit their debt target, returning 75% of free cash flow to shareholders. Pays a good dividend and using buybacks. Should pay 100% returns by the end of 2025. Shares are on sale. They plan to reduce costs to $40/barrel.

Excellent company - expecting further gains. Technology leader in Athabasca oil sands. Business is too strong to wreck by Canadian Federal government. Excellent for long term shareholders. Very good management with good financial strength. 

Likes both, but their stories differ. SU holds Oil Sands which have a long reserve life. The new executives are doing a great job fixing problems. VRN is a conventional producer in the Duvernay and Montney with shorter reserves. Both are undervalued--though VRN is more likely to go higher, though VRN is more volatile.

A laser-focused, charismatic CEO. Likes it a lot more now than a year ago, boasting an 11% free cash flow yield, but there's much upside.