Warren Buffett has owned Canadian stocks like Suncor Energy (TSX:SU)(NYSE:SU) and others. The post 3 Canadian Stocks Warren Buffett Has Owned: 1 Will Surprise You! appeared first on The Motley Fool Canada .
(Bloomberg) -- Princeton University is moving to sever financial ties with companies involved in the fossil-fuel industry, including energy giants Exxon Mobil Corp. and Suncor Energy Inc., as part of the school’s plan to reach net-zero greenhouse-gas emissions.
In the last trading session, 6.65 million Suncor Energy Inc. (NYSE:SU) shares changed hands as the company’s beta touched 1.26. With the company’s per share price at $27.02 changed hands at $0.37 or 1.39% during last session, the market valuation stood at $40.93B. SU’s last price was a discount, traded about -58.11% off its 52-week … Suncor Energy Inc. (NYSE: SU) Gain 1.39%, Marking A Loss For Bears. Read More »
Suncor Energy Inc. (NYSE:SU) price is hovering higher on Monday, September 26, jumping 3.04% above its previous close. A look at today’s price movement shows that the recent level at last check reads $26.65, with intraday deals fluctuating between $26.425 and $27.72. The company’s 5Y monthly beta was ticking 1.74 while its P/E ratio in … Would I Choose Suncor Energy Inc. (NYSE: SU) Stock At Any Point In Time? Read More »
This month in our comparison series, we look at a legacy European oil and gas company, BP (NYSE:BP), and a Canadian heavy oil producer, Suncor Energy, (NYSE:SU). These two companies have a similar stock price and dividend yield, giving potential investors a bit of a conundrum as they look for places to grow wealth. In this article, we will try and clarify the likely arc the stock price of the two companies will take if oil prices reverse their present course, and head back toward $100 bbl as the year closes out. The true tightness of supply is…
Suncor Energy (SU) said Monday it plans to buy back as much as C$1.75B (US$1.27B) of securities from 10 series of outstanding notes in U.S
SU has a 4.6% Dividend Yield, is undervalued with estimated fair value of $51, while exceeding revenue targets amid favorable oil markets. Click to read more.
Calgary, Alberta - Suncor Energy Inc. (TSX: SU) (NYSE: SU) ("Suncor") today announced offers to purchase for cash any and all of the ten series of outstanding notes described below ("Notes"), up to a maximum C$1,750,000,000 aggregate amount of Total Consideration (as defined below), on the terms and conditions set forth in the Offer to
Beaten-down stocks like Suncor Energy Inc (TSX:SU)(NYSE:SU) offer high dividend income. The post 2 Oversold TSX Stocks to Buy for Passive Income appeared first on The Motley Fool Canada .
Suncor Energy Inc. (NYSE:SU) has a beta value of 1.26 and has seen 1.08 million shares traded in the recent trading session. The company, currently valued at $43.36B, closed the recent trade at $31.31 per share which meant it gained $0.13 on the day or 0.42% during that session. The SU stock price is -36.44% … Suncor Energy Inc. (SU) Slumps 0.42%, A Gain For Bears Read More »
Suncor is benefiting from the resurgence in oil/gas prices, and is expected to keep most of its operating gains beyond 2022. See why I rate SU stock a Buy.
Canadian energy company Suncor Energy (TSE:SU)(NYSE:SU) has delighted investors with an impressive performance so far in 2022. The company has been benefiting from solid utilization, improving crude oil and refined product realizations along with increased upstream output and refinery throughput. According to TipRanks data, Wall Street analysts and financial bloggers are upbeat about the stock’s upside potential. With a market cap of C$41.98 billion, this integrated energy company is engaged in operations that include oil sands development, production, and upgrading, offshore oil and gas, petroleum refining along with its national Petro‑Canada retail distribution network. Suncor also owns a network of fast-charging EV stations, called Electric Highway, in Canada.
Suncor Energy Inc. (SU)’s stock is trading at $31.59 at the moment marking a fall of -1.86% from the last session close. As of this writing, shares are priced at -26.04% less than their 52-week high of $42.72, and 71.27% over their 52-week low of $18.44. Based on the past 30-day period, the stock price […]
Enerkem Inc.’s waste-to-clean energy technology has attracted big name shareholders like BlackRock Inc. and Suncor Energy Inc. but its running into a roadblock in a quest for commercial loans.
Energy Transfer and Suncor Energy enjoy support from oil price expansion and provide several additional advantages. Click here to see why I see plenty of positives for both ET and SU.
It''s not time to pull the buy trigger on Suncor stock yet, given growth normalization ahead. See why we rate SU a hold.
TSX stocks such as Bank of Montreal and Suncor Energy provide significant upside potential to investors given their cheap valuations. The post Got $1,000? 3 Simple TSX Stocks to Buy Right Now appeared first on The Motley Fool Canada .
Suncor Energy stock currently trades with a massive 20%+ free cash flow yield. Read why I believe that maintaining my buy rating is appropriate.
Suncor Energy Inc. (NYSE:SU) price closed lower on Tuesday, August 16, dropping -0.53% below its previous close. A look at the daily price movement shows that the last close reads $31.99, with intraday deals fluctuated between $31.635 and $32.48. The company’s 5Y monthly beta was ticking 1.78 while its P/E ratio in the trailing 12-month … Suncor Energy Inc. (NYSE: SU) Is Down -0.53% – Can It Revive? Read More »
Oil stocks have outperformed the broader market this year as prices for crude and natural gas remain at multi-year highs. But despite the growth this year, there remain many undervalued energy stocks with significant upside ahead. This is especially true as the prices for oil and gas have come off their highs since late June, and with them brought down the share prices of oil companies. Plus, while many oil stocks have already more than doubled this year, they continue to have low price-to-earnings ratios, pay monster quarterly dividends, and are buying back their own common shares as they report record profits. Recognizing the value still to be found in oil stocks, many of the most successful and best-known investors in the world have been concentrating on buying shares in energy companies this year, including none other than Warren Buffett . As investors continue to look for bargains in the market, we look at seven undervalued energy stocks with significant upside ahead. Undervalued Energy Stocks: Vermilion Energy (VET) Source: travelview / Shutterstock.com We’ll begin in the snowy wilds of Canada, which is home to many oil and natural gas companies, many of them woefully undervalued.
This Is What Hedge Funds Bought And Sold In Q2: Full 13F Summary While we already covered what may have been the most boring 13F of the second quarter, namely that of Berkshire Hathaway which saw very few changes with Warren Buffett merely adding to a few legacy positions and trimming a few others (full breakdown here)… ... as well as the most interesting one, that from Tiger Global which confirmed that the so-called hedge fund was nothing more than a paper-hands retail investor, dumping most of its biggest holdings just as the market troughed, and leaving the world''s most overrated tech fund missing on all of the recent market upside... ... we also have had quite a few hedge funds inbetween. Courtesy of Bloomberg here are the highlights of the just concluded 13F seasons: Risk off: Chase Coleman’s Tiger Global Management, Dan Sundheim’s D1 Capital and Michael Burry’s Scion Asset Management were among firms that continued to offload equities in the period. Tiger’s aggregate exposure to stocks dropped by about 55% to $11.8 billion.
https://www.investing.com/news/pro/suncor-energy-pt-lowered-to-40-at-goldman-sachs-432SI-2872585
Suncor Energy Inc. found using ticker (SU) now have 9 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 50.35 and 37.57 calculating the mean target price we have 44.26. Given that the stocks previous close was at 31.85 this indicates there is a potential upside of 39.0%. The 50 day MA is 34.34 and the 200 day MA is 31. The market cap for the company is $44,694m. Visit the company website at: https://www.suncor.com [stock_market_widget type="chart" template="basic" color="green" assets="SU" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $62,108m based on the market concensus. Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada''s Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.
Investors in Suncor Energy Inc (Symbol: SU) saw new options become available today, for the September 30th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SU options chain for the new September 30th contracts and identified one put and
https://www.investing.com/news/pro/credit-suisse-assumes-suncor-energy-at-outperform-432SI-2869510
Investors have fewer deep value stocks to pick from after the latest rally. Retail investors had enough of the bear market by late June when the S&P 500 bottomed at below 3700. From there, the index rose for several consecutive days. Each pullback ended quickly as more buyers bid stocks higher. Fearful investors who waited for a stock market crash missed out. In the last two months, the summer rebound erased the technical bear stock market. Income investors need not time the market as traders do. High total returns are a sum of dividend income yield and capital gains from stocks. Deep value stocks that fell during the quarterly earnings season are especially attractive. They offer an even higher yield and lower risk. Some stocks are on sale because impatient investors do not want to wait for the business to turn around. MO Altria Group $44.26 DVN Devon Energy $57.68 INTC Intel $35.27 LYB LyondellBasell Industries $86.15 MPW Medical Properties Trust $16.16 SU Suncor Energy $30.45 TROW T.
News that Elliott is involved in Suncor is not new, but we''re starting to see the impacts of that. This and other factors are contributing to Suncor''s bull thesis.
Suncor Energy Inc. with ticker code (SU) now have 9 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 49.91 and 38.93 and has a mean target at 45.55. Now with the previous closing price of 30.73 this is indicating there is a potential upside of 48.2%. There is a 50 day moving average of 35.23 and the 200 moving average now moves to 30.8. The company has a market capitalisation of $41,790m. Find out more information at: https://www.suncor.com [stock_market_widget type="chart" template="basic" color="green" assets="SU" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $61,944m based on the market concensus. Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada''s Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.
The following slide deck was published by Suncor Energy Inc.
Suncor Energy Inc. (NYSE:NYSE:SU) Q2 2022 Earnings Conference Call August 05, 2022 9:30 AM ET Company Participants Trevor Bell – Vice President-Investor Relations Alister Cowan – Chief…
SU earnings call for the period ending June 30, 2022.
(Friday Market Open) The long-awaited Employment Situation report was released before the market open and showed the economy added a lot more jobs than expected. Potential Market Movers Analysts had forecasted nonfarm payrolls to increase by 250,000 jobs—instead they were up 528,000. The unemployment rate fell to 3.5%, significantly lower than the forecasted 3.6%. Notably, the participation rate fell, which helped to increase the unemployment rate. Average hourly earnings rose 0.5% in July and 5.2% year-over-year, which were both above their respective forecasts of 0.3% and 4.9%. An increase in jobs while GDP has been falling could suggest that productivity is in decline. Productivity is an important economic indicator because it often correlates to wealth increases. Lower productivity will also make it harder for prices to come down as labor costs are likely to increase. The 10-year Treasury yield (TNX) shot up past 2.78% as investors fear the hot jobs market will prompt the Federal Reserve to be more aggressive in raising rates.
During the recent session, Suncor Energy Inc. (NYSE:SU)’s traded shares were 1.61 million, with the beta value of the company hitting 1.28. At the last check today, the stock’s price was $31.55, reflecting an intraday loss of -1.94% or -$0.62. The 52-week high for the SU share is $42.72, that puts it down -35.4 from … Suncor Energy Inc. (NYSE: SU) Stock Dropped -3.19% Over A Month – Is There Any Hope Of A Gain? Read More »
Suncor Energy Inc. found using ticker (SU) have now 9 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 50.26 and 39.01 and has a mean target at 45.69. Given that the stocks previous close was at 32.69 this indicates there is a potential upside of 39.8%. The 50 day MA is 35.87 and the 200 day MA is 30.59. The market cap for the company is $46,841m. Find out more information at: https://www.suncor.com [stock_market_widget type="chart" template="basic" color="green" assets="SU" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $65,469m based on the market concensus. Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada''s Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.
Calgary, Alberta--(Newsfile Corp. - July 27, 2022) - Suncor will release its second quarter financial results on August 4, 2022 before 8:00 p.m. MT (10:00 p.m. ET).A webcast to review the second q…
Energy stocks have finally cooled off. After a red-hot spring, the sector experienced a sharp decline in June as recession worries overtook bullish factors. As a proxy, consider the performance of the Energy Select Sector SPDR Fund (NYSEARCA: XLE ). That exchange-traded fund is bouncing around a three-month low, and is down 22.9% since June 8, while the broader S&P 500 index is off 2.8%. Three-quarters of the way through, July hasn’t given energy bulls much to cheer about either. So is this the end of the line for the energy stock bull market? Hardly. Rather, it’s a much-needed correction after sentiment ran a little too frothy earlier this year. Yes, demand for key products such as crude oil and natural gas is now in danger of outstripping supply. Yes, the sector has faced chronic underinvestment since 2015. And yes, the invasion of Ukraine has thrown a wrench in Russian energy supplies for many years to come. 5 Electric Vehicle Stocks to Buy on the Dip The bullish factors for energy stocks haven’t disappeared.
Suncor Energy Inc. found using ticker (SU) have now 9 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 49.98 and 38.8 calculating the average target price we see 45.44. With the stocks previous close at 31.37 this now indicates there is a potential upside of 44.9%. There is a 50 day moving average of 36.29 and the 200 day moving average is 30.34. The company has a market cap of $42,623m. Company Website: https://www.suncor.com [stock_market_widget type="chart" template="basic" color="green" assets="SU" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $61,741m based on the market concensus. Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada''s Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.
Investors often overlook the best Canadian stocks, opting for domestic, American firms instead. The non-resident withholding tax is a big reason to avoid stocks in this country. US-based investors may buy Canadian stocks in their IRA to avoid the tax. In addition, financial institutions and energy companies are the main appeals for Canadian companies. In the speculative segment, cannabis companies are disappointed. Investors who missed the boom in cannabis stocks and bought near the top will shy away from Canadian stocks. Astute investors will dig deeper and find many diamonds in the rough. These include insurance, technology, financial, retail, and energy stocks. Growth and value scores for these stocks in green are strong. Data from Stock Rover In the table above, the seven best companies in the country have a quality score as high as 89/100. Suncor Energy is a quality oil and gas firm. At the lower end is George Weston with a 64/100 on quality. Yet its value score of 87/100 more than makes up for its lower return on investment in the food processing and distribution business. 7 Cheap Stocks That Are Trading at a Discount The strong U.S. dollar may deter investors from exchange rate risks.
With the stock market overall still down year-to-date (or YTD), many large-cap stocks continue to struggle. Headwinds such as high inflation, rising interest rates and the increasing chances of a global recession continue to apply pressure. However, that doesn’t mean there aren’t cheap large-cap stocks to buy. What names am I talking about? For the most part, shares in companies where recent events have been tailwinds rather than headwinds. More specifically, a good example is basic materials and energy stocks. In addition, shares in companies operating in other sectors, while not in the green for 2022, have nonetheless held up well compared to the overall market. Better yet, despite resiliency and strength during the current challenging market, their respective valuations have not gotten out of hand. Even after delivering a solid performance this year, these seven cheap large-cap stocks to buy are still worth a look at their current prices. 7 Cheap Stocks That Are Trading at a Discount So, consider diving in now, or at the very least, adding them to your watchlist.
Suncor Energy (NYSE: SU ) recently declared that it has entered into an agreement with the activist investment firm — Elliott Investment Management — according to which SU''s board of directors will appoint three new independent directors, two of whom will serve on the CEO search committee. The company also stated that it would review the possibility of selling its retail gas station business to unlock shareholder value. The Calgary-based Canadian integrated energy company has been under constant pressure from Elliott, which owns a 3.4% interest in Suncor, concerning its operational and safety record. The latest mishap at SU''s site, along with CEO Mark Little''s resignation, added to the pressure. Earlier this year, Elliot urged Suncor to revamp its board and management team by adding new directors and initiating a strategic review, arguing that the company''s shares have underperformed, though crude prices have risen to multi-year highs. Per the agreement, SU appointed three new independent directors to its board, which includes Ian Ashby …
Suncor Energy Reaches an Agreement With Elliot Investment Management
Suncor Energy (SU) (TSE: SU) has reached an agreement with Elliott Investment Management that includes the potential sale of Suncor''s retail operations. Indeed, the activist firm believes that the potential sale of Petro-Canada gas stations may be a key to unlocking shareholder value. Analyst Manav Gupta from Credit Suisse (CS) estimates that normalized EBITDA for Petro-Canada is C$800 million and expects the business to receive C$9.6 billion to C$11.2 billion in pre-tax cash proceeds. For reference, Suncor has a market cap of C$55 billion, meaning a sale at the mid-point would translate into approximately 19% of the market cap before tax. In addition, three new independent directors will join Suncor''s board.
Oil and Gas 360 Calgary, Alberta – Suncor ( TSX: SU ) ( NYSE: SU ) today announced that it has entered into an agreement with Elliott Investment Management L.P. (together with its affiliates “Elliott”), pursuant to which Suncor’s Board … The post Suncor Energy enters into agreement with Elliott Investment Management appeared first on Oil & Gas 360 .
We invested in Suncor Energy (SU) at the time of launching our model portfolios last year. Read more to see why we will hold SU stock for now.
In today’s recent session, 2.83 million shares of the Suncor Energy Inc. (NYSE:SU) have been traded, and its beta is 1.34. Most recently the company’s share price was $30.32, and it changed around -$0.19 or -0.62% from the last close, which brings the market valuation of the company to $44.47B. SU at last check was … Suncor Energy Inc. (NYSE: SU) Stock: Does It Have More Upside? Read More »
July 11, 2022 Suncor Energy faces a long slog to fix its poor safety record and regain investor confidence, analysts said on Monday, after Chief Executive Mark Little resigned following another worker fatality at a company site. Little stepped down as head of Canada’s third-largest oil producer on Friday, a day after a worker was killed … Read more
Suncor Energy Downgraded at Raymond James on Safety Issues and CEO Departure
Canada’s Suncor Energy faces a long slog to fix its poor safety record and regain investor confidence, analysts said on Monday, after Chief Executive Mark Little resigned following another worker fatality at a company site. Little stepped down as head of Canada’s third-largest oil producer on Friday, a day after a worker was killed at […]
Suncor Energy (SU) -2.7% in Monday''s trading after CEO Mark Little''s sudden departure on Friday following a fatal accident at the company''s oil sands base plant in Alberta.The move…
Upgrades For Visteon Corp (NASDAQ: VC ), Exane BNP Paribas upgraded the previous rating of Neutral to Outperform. For the first quarter, Visteon had an EPS of $1.09, compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $134.57 and a 52-week-low of $88.82. At the end of the last trading period, Visteon closed at $108.51. For Lear Corp (NYSE: LEA ), Exane BNP Paribas upgraded the previous rating of Underperform to Neutral. In the first quarter, Lear showed an EPS of $1.80, compared to $3.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $195.43 and a 52-week-low of $118.38. Lear closed at $128.20 at the end of the last trading period. According to BMO Capital, the prior rating for Fate Therapeutics Inc (NASDAQ: FATE ) was changed from Market Perform to Outperform. For the first quarter, Fate Therapeutics had an EPS of $0.68, compared to year-ago quarter EPS of $0.48. The stock has a 52-week-high of $97.43 and a 52-week-low of $17.10. At the end of the last trading period, Fate Therapeutics closed at $30.01.