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Suncor Energy Inc. (SU)
NYSE - NYSE Delayed Price. Currency in USD
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16,844 reactions on $SU conversation
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We're heading into another selloff of oil, and the market in general. Suncor is at the top of my buy list, when the sonofabitch is over. A LOT of people have to ignore a LOT of things, to think that oil, and oil services are not a great longer term investment.
Think we'll see 29 today? Oil up, US market SU up about 1% pre-market...
I am not expecting a significant dividend increase until the 4th quarter at the earliest. If you look at the chart on page 4 of the May investor presentation it shows that with oil at $60 returns to shareholders will not be a priority until Debt:FFO is less than 2 (currently 3.8). Since FFO is based on the trailing 12 months there are 2 very poor 2020 pandemic quarters to get past before this metric can be realistically achieved. I feel using the Debt:FFO ratio is a bit disingenuous as it implies that the BS is less healthy than it really is. The good news for those holding out for the a dividend increase is that the same chart shows that the company is contemplating massive returns to shareholders in 2022 - if this chart is to be believed a $2 dividend and 5% share buybacks is a minimum at $65.
Suncor was either mispriced for 5 years leading up to the the pandemic or it is mispriced now. I am thinking over 5 years the market is likely to reflect a more efficient pricing structure than the past few months where Suncor is clearly lagging the energy market and oil price. Regardless of the metric, with 60+ oil Suncor in 2021 will be more profitable and generate more cash than any period from 2016 to 2020. Also, by the end of 2021 there will be less debt and fewer shares to reap the rewards once the company starts returning more cashflow back to investors. If oil stays north of $60, in a years time Suncor is easily $40 (40% return from today's prices) and $50 (75% return) at $65+ oil. Suncor also offers incredible downside protection as an integrated oil play. It is time to back up the truck before the generalists fund managers wake up and start shifting dollars into the sector.
6500 shares at 18$. I'm happy camper. Holding for 50$ pre covid levels. Better earnings and company the cnrl or any Canadian company. Fully integrated energy company. Solar, wind, energy, oil, technology. Suncor is so undervalued its not even funny. Have a good weekend Suncor army😎😎😎😎😎
Filling up my car at the gas station for the week crying cuz of the prices at the pump. But then open my trading account to smile cuz my portfolio gains are mooning. 4000 shares long
TSX sold off a little. No worries with the shortages to come we are just at the beginning.
The operator of the country’s largest fuel pipeline, Colonial Pipeline, experienced a cybersecurity attack on Friday, forcing it to temporarily shut down all pipeline operations and leading to an increase in gasoline and oil prices.
Gasoline futures rose 1.5% to $2.16 per gallon, pulling back slightly from their highest levels of the overnight session. Heating oil futures rose 0.8% to $2.03, also off the highest levels of the session. West Texas Intermediate crude futures, the U.S. oil benchmark, advanced 0.5% to $65.24 per barrel.
Colonial Pipeline has hired a third-party cybersecurity firm to launch a probe into the incident and has contacted law enforcement and other federal agencies. The cyberattack has affected some of its IT systems too.
Colonial Pipeline said Sunday evening that some of its smaller lateral lines between terminals and delivery points are once again online, but that its main lines are still shut down.
Perfect. Oil is down deep in the red. After market is in the red. That means green day for SU tomorrow
canada will open up soon , more and more vaccine are delivered , suncor down stream business will get more usage after economy opens up
Suncor is drastically undervalued when compared to Canadian Natural. Suncor generates more cash over 1billion versus 444million. And has less debt. Take a look at the numbers. I see the only reason Canadian Natural is at $40/share is because of the dividends. Suncor is smart in using the cash for buybacks as it will increase the value per share.
I hope on May 26'th management will be very specific when (or on what conditions) they are planning to restore the dividend. I think only clarifying it will help the stock price, because people hate uncertainty. It is 1 thing to be sure that they will restore it (even if it is in 2022/Q1) and another is just to assume
To think if they restored the dividend they would be north of $30 today. Earning are irrelevant as I said last week. Check out AC. 6 quarters of dismal reporting and bleeding $15 million cash a day. Look how good the stock is performing since their dismal report last week . lol . SU will eventually hit $40. AC will hit $40 sometime before Christmas. When you understand how the market works, you make money. It’s not all about earnings.
Hey, fellas. What are the chances of this going to 50 per share within a year or so, like we saw in 2018?
I am really starting to think we all loaded up on oil stocks before a oil super cycle......
We in a double top odds of rejection have never been this low (on stocks)
Mark Little on the call talked about an annual buyback yield trajectory of 5% of the float. That's incredible as a return to shareholders. That's 5% less shares to pay dividends to in the future. As it stands, at current market pricing, there is NO better way to spend surplus cash flow than share buybacks. I applaud management for doing the right thing when many shareholders want cash now. The long-term benefit will be enormous.
Today SU in USD reached new post covid high, but everyone still complains :) Everyone wants it to go straight up without corrections :)
Will a colonial pipeline shut down be good or bad for SU? Any further explanation would be greatly appreciated - learning.
Fuel shortages coming this summer. Its all over the news.
Global markets sell off on inflation fears
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