Stockchase InsightsSuncor Energy IncSU.TOBUYMar 15, 2023

His preference in the space, over CNQ.

Is hanging on. It remains Canada's dominant oil and gas player. Trades at 8x. Prefers CNQ, but likes this. He's bullish energy for the mid-term. Pays nearly 5% in dividends.

Does not own shares, and prefers CNQ. Believes better options available for investors. Outlook for energy sector is a small rally coming into 2024. 

Sideways chart not a good thing for investors. Will depend on price of oil. Owns shares in company. Good business overall. Has been buying small amount. 

The poster child for carbon haters. No rush to enter this, but SU will continue to pay shareholders well for the rest of their lives. An arbitrage play between the price of oil and natural gas. Likes SU long term, but shares could be depressed due to Canadian politics and interest rates if they rise.

Likes it a lot, its upstream, midstream and downstream operations. They enjoy very long-life reserves in the Oil Sands. The dividend is quite good and it well managed. Seasonal strength happens in December-January, so buy on weakness, and hold long term.

There is a lot of trading going on and it is consolidating at $46 to $48. Wait until it breaks out at $48. There has been a lot of volatility - $39 is your exit price.

Not many people view it as a premier name anymore. Asset base depleting in 10 years, needs to be replenished. New CEO doing a good job. He'd much prefer a MEG, similar valuation on cashflow and with 35 years of reserves.

Buy on weakness. Wait for share price to fall. Good long term business. If economic hard landing, will be tough on energy industry. 

It has a new CEO and 4 1/2% yield. Wait for a reduction in oil prices since they are at their higher end.

Very solid company with widely acknowledged problems in upgrading facility. Must grow through M&A. Trading at discount to CNQ. Better names to invest in sector. New CEO very strong. Could be good in the future. 

The stock is going sideways but pays a good dividend. CNQ and Shell could break out better.

The chart has returned to previous highs. Has sold half his holdings already. Will it break out above current levels. He tries to be optimistic, but he took profits.

We see recent M&A as a positive, as SU needs supply. For Suncor, the recent purchase secures long-term bitumen supplies for the upgraders at its Base Plant, prolonging the operation’s lifespan. The company has been searching for new supplies for the facilities after the Canadian government signaled last year that it might not approve a project to extend the life of the mine that currently feeds them. So, positive for operations, but the total value is still quite small for the size of SU (about 3.5% of market cap). 
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Large-cap oil companies are just hemorrhaging cash with buybacks and dividend increases. Mature, well managed. Buy it on sale. Core holding for income and some growth. Excellent optionality.