If oil is going to do better then this one is going to do better. The oil space in Canada is starting to heat up. You have demand coming back and some of the Canadian egress issues are no longer a factor going forward. There are a lot of positives going forward in the space. CNQ-T is also a very solid holding today.
If oil is going to do better then this one is going to do better. The oil space in Canada is starting to heat up. You have demand coming back and some of the Canadian egress issues are no longer a factor going forward. There are a lot of positives going forward in the space. CNQ-T is also a very solid holding today.
The whole reflation trade is a trade. Oil stocks have been beaten down for a while. For a trade, the energy price pop is good. However, as a long term trend, they are not investable since there is a move away from traditional energy. He has no preference between CNQ or SU. He is overweight energy right now.
The whole reflation trade is a trade. Oil stocks have been beaten down for a while. For a trade, the energy price pop is good. However, as a long term trend, they are not investable since there is a move away from traditional energy. He has no preference between CNQ or SU. He is overweight energy right now.
He would prefer SU for the dividend but there is risk that it will be cut. CNQ is a little more natural gas as well.
Trades at 8x earnings. They've done a great job keeping costs down and moving to self-driving cars during Covid. Also, it's an integrated company with a great retail network. They're in a good position to manage this difficult time in the oil market. This and CNQ are stable oil businesses in this time, best in this class.
Trades at 8x earnings. They've done a great job keeping costs down and moving to self-driving cars during Covid. Also, it's an integrated company with a great retail network. They're in a good position to manage this difficult time in the oil market. This and CNQ are stable oil businesses in this time, best in this class.
It's one of his few core energy names; he's underweight energy. He's added to his position. They won't build any new oil sands plants. They enjoy long-life reserves and low costs. A great, long-term core hold in oil. He also likes Tourmaline and CPG, and pipelines. See also his top picks today.
It's one of his few core energy names; he's underweight energy. He's added to his position. They won't build any new oil sands plants. They enjoy long-life reserves and low costs. A great, long-term core hold in oil. He also likes Tourmaline and CPG, and pipelines. See also his top picks today.
CNQ would be better for dividend sustainability. They have less maintenance requirements on their properties, a better run company. There is better inside ownership. He owns both. At $60 oil, CNQ will have 18% free cashflow yield. Suncor has less leverage due to refining exposure.
Doesn't hold producers, as oil price not favourable, especially in western Canada. SU doesn't qualify as an income stock, as cashflow of producers is predicated on the commodity price, which can be difficulty to forecast and may trend down. Prefers, and holds, ENB instead.
Suncor Energy Inc is a Canadian stock, trading under the symbol SU-T on the Toronto Stock Exchange (SU-CT). It is usually referred to as TSX:SU or SU-T
In the last year, 47 stock analysts published opinions about SU-T. 26 analysts recommended to BUY the stock. 15 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Suncor Energy Inc.
Suncor Energy Inc was recommended as a Top Pick by Brooke Thackray on 2021-03-01. Read the latest stock experts ratings for Suncor Energy Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
47 stock analysts on Stockchase covered Suncor Energy Inc In the last year. It is a trending stock that is worth watching.
On 2021-03-02, Suncor Energy Inc (SU-T) stock closed at a price of $26.11.