TSX:PPL - Post Discussion
Post by
hawk35 on Mar 01, 2023 10:01am
From todays Globe and Mail
RBC Dominion Securities analyst Greg Pardy added Suncor Energy Inc. (SU-T +0.68%increase) to the firm’s “Global Energy Best Ideas” list on Wednesday.
The list consists of 24 companies that highlight the firm’s “highest conviction names across the global energy sector at the time of their addition into the list.”
“We believe that Suncor has thread the needle with its hiring of Rich Kruger as its new President & CEO while retaining interim-CEO Kris Smith as its new CFO,” Mr. Pardy said. “We anticipate that Suncor will demonstrate improving operational performance over the coming months which should support relative market outperformance.”
Mr. Pardy has an “outperform” rating and $55 target for Suncor, which was the only addition of the month, replacing HF Sinclair Corp. (DINO-N). The average is $53.89.
Other TSX-listed stocks remaining on the list are:
- Pembina Pipeline Corp. (PPL-T +1.36%increase) with an “outperform” rating and $58 target. Average: $52.19.
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