Motley Fool Suncor Energy
Investors could also add Suncor Energy (TSX:SU)(NYSE:SU)stock to their portfolios. While its stock recovered from the pandemic lows, it is still trading well below its pre-COVID levels, making it an attractive long-term bet.
I believe improved energy demand and higher average realized prices could continue to drive Suncor’s financials in the coming quarters and, in turn, drive its stock higher.
Meanwhile, Suncor’s integrated assets, favourable revenue mix, and higher production provide a solid foundation for future growth. Further, its lower cost base and focus on debt reduction are likely to cushion its earnings and cash flows. Suncor’s strong cash position and improved financials indicate that it will likely boost shareholders’ returns through regular dividend payments and share repurchases. Currently, Suncor offers a decent yield of 3.6%