Suncor Energy Inc. T.SU

Travis Wood National Bank O&G analyst

[Obscure1]

Lily: 

Is the use of a sideways pic of a woman a non-binary thing?  We had a young couple over for dinner last night and it was very enjoyable.  The male of the couple took particular joy in pointing out how the WOKE world better not find out where I live.  I spent some time this morning looking up the meaning of words I had never hear before.  No wonder the world is so confused.

Of yea, Travis Wood.

Travis is by far the most prolific analyst when it comes to upgrading price targets.  Whenever there is a meaningful event, large or small, Travis inputs the data into his spreadsheets which then spit out new price targets.  Other analysts could easily do the same, but they don't.  For that, I'm grateful to Travis because it attaches a measure of cause and effect. 

In regards to your question about why Travis would have a target price of $45 and yet maintain a HOLD recommendation, the answer lies in how the industry works.  Buy recommendations aren't specifically bought and sold directly, but indirectly, they really are.  As far as I can tell, National Bank doesn't provide any investment banking services to Suncor.  As such, they don't earn any fees from Suncor.  No fees = No buy recommendation for some firms. 

According to Market Beat, which keeps track of historical recommendations for each analyst for a stock, Travis has never offered a BUY recommendation for SU over the years.  I just checked Market Beat, and they now force you to sign up to get the info which sucks as the fee is $399 per year.

If you think $45 price target for SU makes it a BUY by any reasonable metric, you would be right.  Travis knows it.  The street knows it.  Now you know why if you weren't asking the question tongie-in-cheek.

[integrity11]

Thanks Obscure that is good information. I did notice in MarketBeat that national have a$45 target. The 5 forecasts I averaged to get the $43 target are all targets issued since Dec 13. I ignore the older estmares. Thank you for correcting me on the Su debt. I checked today and they state they expect debt to be $15 B by year end 2021. That makes more sense for a large company like Suncor. I was

[LiLy2021]

Obscure,  When I snapped my picture using my cell phone, it was in an upright position, just like all pictures should be. I don't know why it can only be shown sideways like this. I have attempted to correct it to no avail. It does look odd.  I don't know anything about WOKE other than it being past tense of "to wake".  :-p I follow Travis Wood and I'm