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.
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.
He likes both SU-T and CNQ-T and has made it a Top Pick in the past. Both these stocks continue to be good to hold. SU-T will continue to be a core holding for him as he likes both their upstream and downstream assets.
Great company. Owns CNQ instead. Incredible assets. Very defensive. More dividends and buybacks, incredible free cash flow. If you own it, consider it a long-term hold. Perfectly fine to own in the current environment.
Great company. Owns CNQ instead. Incredible assets. Very defensive. More dividends and buybacks, incredible free cash flow. If you own it, consider it a long-term hold. Perfectly fine to own in the current environment.
He does not own SU-T and remains underweight in energy. If the US dollar weakens, this could result in a higher oil price and good value for SU-T. There are just too many secular issues that are beyond the company's control. He owns VET-T because of its international assets.
Aside from Enbridge, he owns no energy, because he can't predict the price of oil due to geopolitics. If he were to buy oil, SU is one of two stocks he'd consider (and CNQ). SU is very good at capital allocation. A great production company. SU is as safe as you can get for an oil patch company.
