Suncor Energy Inc

SU-T

TSE:SU

17.64
0.21 (1.18%)
Suncor Energy is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. Suncor ranks number 134 in the Forbes Global 2000 list.
More at Wikipedia

Analysis and Opinions about SU-T

Signal
Opinion
Expert
COMMENT
COMMENT
May 26, 2020
Did the Saudis buy into Suncor and CNQ? He believes this is true, that a large Canadian pension fund sold these stocks to the Saudis. Can't comment on the stocks themselves; anything oil and gas been difficult. This industry can't catch a break. Oil prices can't trade at these prices for long, and a second wave will hurt these stocks more.
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Did the Saudis buy into Suncor and CNQ? He believes this is true, that a large Canadian pension fund sold these stocks to the Saudis. Can't comment on the stocks themselves; anything oil and gas been difficult. This industry can't catch a break. Oil prices can't trade at these prices for long, and a second wave will hurt these stocks more.
DON'T BUY
DON'T BUY
May 15, 2020
Dividend safe? They cut their dividend about a week ago. He is not as bullish on SU as it is the largest constituent of the energy index. This means anyone who has been hiding has probably already bought this, leaving less upside opportunity. It has a poorer cost base compared to its peers. They also have a large capex obligation in about two years. He thinks this will hold them back from being able to acquire some good low valued companies. There are better names out there.
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Dividend safe? They cut their dividend about a week ago. He is not as bullish on SU as it is the largest constituent of the energy index. This means anyone who has been hiding has probably already bought this, leaving less upside opportunity. It has a poorer cost base compared to its peers. They also have a large capex obligation in about two years. He thinks this will hold them back from being able to acquire some good low valued companies. There are better names out there.
BUY
BUY
May 14, 2020

CSH.UN-T vs. SU-T. They seem to have nothing relating to one another. Both have had a difficult time. There is a logical answer to this. Falling interest rates are the single biggest supporter of real estate values. We are at or near generational lows in interest rates. If you saw reflation then commodity assets would start to participate. He would own SU-T or CNQ-T if he were to own something in energy. He owns SU-T. He would sell CHR.UN-T in order to buy SU-T.

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CSH.UN-T vs. SU-T. They seem to have nothing relating to one another. Both have had a difficult time. There is a logical answer to this. Falling interest rates are the single biggest supporter of real estate values. We are at or near generational lows in interest rates. If you saw reflation then commodity assets would start to participate. He would own SU-T or CNQ-T if he were to own something in energy. He owns SU-T. He would sell CHR.UN-T in order to buy SU-T.

BUY WEAKNESS
BUY WEAKNESS
May 8, 2020
With the US opening up (far too early in his opinion), he thinks we are in a bull market. Wait for a pullback from here. He does hold it, but wants to wait to see how the opening in the US goes. You should have an idea by September.
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With the US opening up (far too early in his opinion), he thinks we are in a bull market. Wait for a pullback from here. He does hold it, but wants to wait to see how the opening in the US goes. You should have an idea by September.
DON'T BUY
DON'T BUY
May 5, 2020

One-year outlook Doesn't follow it. Doesn't like commodities, because these companies don't set their product's price. It doesn't matter how good management is. Also, Canada lacks enough pipelines. He prefers pipelines like Enbridge over the oil producers. He has no idea where oil is going.

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One-year outlook Doesn't follow it. Doesn't like commodities, because these companies don't set their product's price. It doesn't matter how good management is. Also, Canada lacks enough pipelines. He prefers pipelines like Enbridge over the oil producers. He has no idea where oil is going.

COMMENT
COMMENT
May 4, 2020
The yield is nearly 8%. We are seeing complete demand destruction. You may be able to trading in and out of it.
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The yield is nearly 8%. We are seeing complete demand destruction. You may be able to trading in and out of it.
COMMENT
COMMENT
April 29, 2020
He would prefer to avoid this very cyclical sector right now. There is so much uncertainty and he does not have a lot of conviction around the Canadian energy producers. He would prefer to hold more infrastructure based companies like pipelines or mid-streamers. He thinks SU has staying power, but he is not sure the dividend might not get cut.
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He would prefer to avoid this very cyclical sector right now. There is so much uncertainty and he does not have a lot of conviction around the Canadian energy producers. He would prefer to hold more infrastructure based companies like pipelines or mid-streamers. He thinks SU has staying power, but he is not sure the dividend might not get cut.
BUY
BUY
April 23, 2020
The stock is cheap. The problem is that the earnings forecast of -53 cents does not cover the dividend. It has a pretty strong balance sheet so he expects they can maintain all or some of that dividend. He suspects they could cut back on the dividend and it would not crater the stock. He thinks they should take the dividend down a bit so the market will not be so worried about it.
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The stock is cheap. The problem is that the earnings forecast of -53 cents does not cover the dividend. It has a pretty strong balance sheet so he expects they can maintain all or some of that dividend. He suspects they could cut back on the dividend and it would not crater the stock. He thinks they should take the dividend down a bit so the market will not be so worried about it.
PAST TOP PICK
PAST TOP PICK
April 20, 2020
(A Top Pick Apr 25/19, Down 51%) He does not think they will cut the dividend. He is holding on to it at this point.
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(A Top Pick Apr 25/19, Down 51%) He does not think they will cut the dividend. He is holding on to it at this point.
DON'T BUY
DON'T BUY
April 13, 2020
You have to like their operating cost. It is fairly low. No one is going to put new money into capital investment in the oil sands and this will benefit SU-T. It is the best house in a bad neighbourhood. He is not rushing into that sector right now.
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You have to like their operating cost. It is fairly low. No one is going to put new money into capital investment in the oil sands and this will benefit SU-T. It is the best house in a bad neighbourhood. He is not rushing into that sector right now.
PAST TOP PICK
PAST TOP PICK
April 9, 2020
(A Top Pick Apr 11/19, Down 44%) He continues to hold it because they have a 30 year plus reserve index. The spot price of oil i actually above their costs. They also have downstream integration. The dividend is safe.
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(A Top Pick Apr 11/19, Down 44%) He continues to hold it because they have a 30 year plus reserve index. The spot price of oil i actually above their costs. They also have downstream integration. The dividend is safe.
COMMENT
COMMENT
April 3, 2020

The composition of this ETF has become highly concentrated. Five names account for 78% of its value. CNQ and SU account for most it. Both of those names have rallied well compared to their peers as buyers in the US have been stepping in. However, their hedge books are naked to oil prices right now. He would prefer to own small cap names with good hedge books, if you select the right ones he thinks.

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The composition of this ETF has become highly concentrated. Five names account for 78% of its value. CNQ and SU account for most it. Both of those names have rallied well compared to their peers as buyers in the US have been stepping in. However, their hedge books are naked to oil prices right now. He would prefer to own small cap names with good hedge books, if you select the right ones he thinks.

DON'T BUY
DON'T BUY
April 3, 2020
He had a sensitivity sheet that calculated SU is burning through about $4.1 billion at $30 oil. They would have adequate capacity if they were to cut the dividend -- not 100%, because they would be dropped from the dividend funds. He thinks he could do better in other names. Yield 8.3%
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He had a sensitivity sheet that calculated SU is burning through about $4.1 billion at $30 oil. They would have adequate capacity if they were to cut the dividend -- not 100%, because they would be dropped from the dividend funds. He thinks he could do better in other names. Yield 8.3%
PARTIAL BUY
PARTIAL BUY
March 27, 2020
He thinks pipelines would be safer, although this price level could be a good entry level. This is the go to producer in the energy space. He has a buy recommendation with a $40 target. He would still wait for another couple of weeks to learn more about the impact of COVID-19. Will they cut back the yield? He is not sure. He would suggest buying half of your entry amount here.
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He thinks pipelines would be safer, although this price level could be a good entry level. This is the go to producer in the energy space. He has a buy recommendation with a $40 target. He would still wait for another couple of weeks to learn more about the impact of COVID-19. Will they cut back the yield? He is not sure. He would suggest buying half of your entry amount here.
DON'T BUY
DON'T BUY
March 23, 2020
Oil Companies. The war between Saudi Arabia and Russia may be a concerted effort to put marginal producers out of business. It is an unpredictable battle.
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Oil Companies. The war between Saudi Arabia and Russia may be a concerted effort to put marginal producers out of business. It is an unpredictable battle.
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