Attractively valued, trading at around 12% free cashflow yield at $60 oil. Would go up to 17% at $70 oil. Big underperformance relative to CNQ. Good upside, even up to 50%. More than that at $70 oil. Sold to buy small cap oil companies. Preference for other names.
Attractively valued, trading at around 12% free cashflow yield at $60 oil. Would go up to 17% at $70 oil. Big underperformance relative to CNQ. Good upside, even up to 50%. More than that at $70 oil. Sold to buy small cap oil companies. Preference for other names.
Has lagged CNQ and other companies due to them cutting dividends. Likes it for the long reserve life of lower-cost oil sands that is run well. The downstream integration is very good. The financial strength of the company makes it better than mid-sized or smaller producers.
Has lagged CNQ and other companies due to them cutting dividends. Likes it for the long reserve life of lower-cost oil sands that is run well. The downstream integration is very good. The financial strength of the company makes it better than mid-sized or smaller producers.
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.
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 21
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 13
Total Signals / Votes : 36
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, 36 stock analysts published opinions about SU-T. 21 analysts recommended to BUY the stock. 13 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST 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 2021-05-05. 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.
36 stock analysts on Stockchase covered Suncor Energy Inc In the last year. It is a trending stock that is worth watching.
On 2021-05-13, Suncor Energy Inc (SU-T) stock closed at a price of $27.83.
