Suncor Energy Inc T.SU

First quarter behind us

[Wynjoe]

If oil averages above fifty dollars in the second quarter,Suncor will do fine,(i believe much higher),however be that as it may,the future looks quite a lot brighter then it did a short time ago.STRONG BUY AND HOLD. Oil will be very much in demand for the forseeable future.

[Fishermen]

On first quarter earning, Su will rise 20% on that day to hit 30/share.

[NPCexe]

My issue is that this should've already been priced in for the q. The industry made it to 52 wk highs, but SU lagged. I think investors just want to punish companies that cut their dividends

[Wynjoe]

Suncor did cut its dividend,and except for taking over the operations of running Syncrude,has not acquired any cheap assets of beaten down companies,such as Cenovus did with Husky,that i believe was very prudent of Cenovus.I have always wondered why Suncor never made a move on some other beaten down oil and gas company.At this stage,i would not be surprised if somebody dont make a bid for Suncor

[PabloLafortune]

Bingo. Shell same thing. Of note, if $30 WTI is break even for maintenance capex, and $35 WTI is break even for maintenance + current dividend, then is it safe to say that $40 WTI is break even for maintenance + previous dividend? If so, it would make sense for them to restore the dividend to what it was before the pandemic considering WTI averaged $58 in Q1.

[angelnicky]

Buffett dumped SU stock This is the sign on the wall street of what to expect in the future SU will most likely not hit its pre high before the outbreak of the virus.

[Plus50]

Buffet trimmed SU . He never dumped it all. I,m not saying that was good but Berkshire Hathaway is still a holder . Probably saw something else they liked better. 

[Fishermen]

he added Chevron.

[thegreattimario]

Your job as a basher won't last long so don't spend your 100 bucks in savings.

[Wynjoe]

who cares what Buffett bought or sold?Suncor is a huge Canadian company,that has a bright future with tmx coming online and oil prices making new highs.They have written off assets,(west white rose),for instance,and( fpso),and others that can be put back in the mix in short order,if required.Oil as a commodity,will have an increasing value for years coming,no matter what the naysayers preach

[firstworld]

All you have to do is look where global energy is investing .....it not Canada. It's Africa, LatAM, Asia.....all firstworld places VS Canada . SU is a pipsqueak run like a banana corp in Belize with environmental clean up liabilities that tender the worth at less than zero. It's basically a nationalized company via govt pension funds proxy....one rule change re clean up and it's zero