Suncor Energy Inc T.SU

We are in green now

[Bigpond]

We just turned green Yahoo. GLTA

[Owlseye1]

Yes what did l say earlier sit back n enjoy. Added 20000 shrs to my poisition. Life is good!

[Fishermen]

20000shares that's 400000$ . You rich

[Fishermen]

is that your cash money? My brother who was loaded with credit debt, made a splendid came back with all the money he could borrowed and put into CNQ. He almost tripled that money. And with the gain, he used margin account *another way borrowing money* bought Google at1700 ish. He made more money. Somehow I understand stock market nowadays is more like casinos.

[NPCexe]

Triple eh... and here we are with SU still struggling despite OVV, BTX, and others flying high. Cmon SU, GET UP THERE YOU FAT PIG! Fly your lazy a$$ past those losers!

[Chris007]

In regard to OVV, keep in mind, the stock had a 5 for 1 reverse split, about a year ago. Yes, its bounced nicely from the bottom, but if you looks at it in a time frame of any period longer than 2 years, it is definitely very ugly.

[Mtklip]

that's because oil has been $40-$70, not $80-$120.

[Chris007]

No its not just that...They made a series of very expensive acquisitions. The balance sheet looks downright scary Newfield in 2018 (5.5. billion + 2.2 billion in debt) Athlon Energy in 2014 (5.93 bilion + 1.15 billion in debt)

[autofocus111]

Chris RE: OVV Per the Q3/20 SEC filing NetDebt/AdjEBITDA  is 2.9 (p.68).... high but hardly 'downright scary', unless you think oil is going to be sub-50 for the next few years (and if you do then you shouldn't be holding oil stocks... period). A look at their debt maturity profile (p.23) reveals that near term it is manageable and further, most of it is weighted towards long

[Mtklip]

good point and it also indicates the business should be around till 2041.

[autofocus111]

Yes Mtklip OVV is not going away any time soon. They survived two oil price collapses in 6 years. And if there's another oil boom they will do very well. Disclaimer: Long CVE, SU, OVV, ENB, TRP, and PBA. 70/30 weighted towards pipelines. Looking for that to change to 50/50 by 2022 on price movement alone.

[Chris007]

I was actually referring to debt to assets on the balance sheets. If its your cup of tea, good for you. I personally would not touch it.

[autofocus111]

Chris OVV asset writedowns occured in 2020 due to lower oil prices. If oil prices stay low then yes reserves obviously take a paper hit (a real hit if there's no sector turnaround), so debt/assets tracks that. But if oil prices head up in 2021 (and that's what oil investors must consider and decide on) the asset base will see a re-adjustment upwards. The debt maturity profile is decent

[Chris007]

I don't dispute that its a good recovery play. The leverage on the balance sheet which knocked down the share price so hard as oil crashed last march is also making it outperform on the way up. I guess its just a personal preference thing, when I look at companies. In general, I try to find ones with less leverage whenever possible, particularly with stocks in a volatile sector, like energy

[Mtklip]

TVE seems solid too, low debt, growing production and EPS, high ESG marks

[Chris007]

That one is definitely on my radar...owned it briefly last year when it traded for less than a dollar and sold it around the 1.30s  If I were to take profits from ERF, that's probably the name I would buy. The whole Dakota Access Pipeline legal/political drama definitely isn't a positive for ERF.    

[Mtklip]

ERF might be losing a lot of money on their hedges. Much of their oil sells for $44 and another portion is capped at $54 WTI. On the plus side, they are not affected by the WCS differential.

[NPCexe]

both erf and tve doubled since beginning of nov...