|Bid||23.38 x N/A|
|Ask||23.41 x N/A|
|Day's Range||22.83 - 23.93|
|52 Week Range||14.02 - 46.00|
|Beta (5Y Monthly)||1.80|
|PE Ratio (TTM)||12.59|
|Earnings Date||May 04, 2020|
|Forward Dividend & Yield||1.86 (7.94%)|
|Ex-Dividend Date||Mar. 02, 2020|
|1y Target Est||36.31|
If you're looking for a cheap stock that offers safety and growth for the long run, Suncor Energy Inc. (TSX:SU)(NYSE:SU) is your best bet.The post Invest $10,000 Right Now in This Cheap Stock appeared first on The Motley Fool Canada.
Canadians now have a chance to get a better cost basis than Warren Buffett with stocks like Restaurant Brands International Inc. (TSX:QSR)(NYSE:QSR).The post 2 Warren Buffett TSX Stocks I'd Buy With an Extra $6,000 appeared first on The Motley Fool Canada.
Energy stocks like Suncor Energy Inc (TSX:SU)(NYSE:SU) are still cheap in April.The post Market Crash: 3 Unbelievably High-Yield Stocks on Sale in April! appeared first on The Motley Fool Canada.
(Bloomberg) -- Suncor Energy Inc.’s new 10-year bonds show its funding costs have spiked as the Canadian oil company suffers from a historic decline in crude prices.The integrated energy producer sold on Tuesday C$1.25 billion ($893 million) of notes maturing 2030, paying 420 basis points over similar Canada government securities. That compares with the 140-basis point spread it offered on C$750 million of 10-year debt last year.The price Suncor is paying to borrow is by far outpacing the increase in risk premiums broadly in the Canadian company bond market in the past month amid global credit volatility. As of Monday, investors were demanding 245 basis points over government securities to hold Canadian corporate debt, according to Bloomberg Barclays indexes. That compares with 118 basis points buyers required when Suncor last tapped the market in May. The company’s new notes were priced to yield 5.039%, compared with 3.128% in the previous deal.Still CovetedSuncor sold debt at a time when Alberta is asking the Canadian government for an aid package that will help energy companies deal with the Covid-19 pandemic and an oil-price crisis.Despite spiking funding costs, Suncor is still rated investment-grade at Moody’s Investors Service and S&P Global Ratings, making it one of the highest rated firms in an industry that has largely moved to the riskier high-yield category. This may explain why 75 investors took part in today’s transaction, placing enough orders to cover the deal size by more than three times, according to people familiar with the matter.In response to the plunge in crude prices, the company slashed its planned capital spending for the year by about 26% to a range of C$3.9 billion to C$4.5 billion to conserve cash. It’s also cutting operating expenditures and adjusting refinery utilization. “Suncor’s liquidity is good,” Moody’s said in a statement today, adding that the company would take needed action to maintain its capital structure and cash flow should oil prices remain low.A representative for Calgary-based Suncor didn’t provide immediate comment when contacted by Bloomberg. For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Suncor announced today that it will issue $1.25 billion of senior unsecured Series 7 Medium Term Notes due on April 9, 2030 (the “Notes”). Suncor intends to use the net proceeds from the sale of the Notes to repay short-term indebtedness and for general corporate purposes. Pending any such use of the net proceeds, Suncor will invest the net proceeds in bank deposits and short-term marketable securities.
Invest like Warren Buffett and buy Suncor Energy Inc. (TSX:SU)(NYSE:SU) to profit from the market crash today.The post Profit From the Market Crash: Invest Like Warren Buffett and Buy Suncor Today appeared first on The Motley Fool Canada.
Suncor Energy (TSX:SU)(NYSE:SU) and Enbridge (TSX:ENB)(NYSE:ENB) look oversold. Which energy sector stock is the best buy today?The post Market Crash: Is Suncor Energy (TSX:SU) or Enbridge (TSX:ENB) Stock a Buy Now? appeared first on The Motley Fool Canada.
Warren Buffett's 2 top TSX stocks are up approximately 50% in the last two weeks. Will this recovery last? Should you buy?The post Warren Buffett’s TSX Stocks Bounced Back Faster: Should You Buy? appeared first on The Motley Fool Canada.
Suncor Energy Inc. (TSX:SU)(NYSE:SU) is a dividend king that could be a huge beneficiary if Donald Trump starts slapping on energy tariffs on oil from outside North America.The post President Trump's Oil Tariffs Could Send Canadian Energy Stocks Skyrocketing appeared first on The Motley Fool Canada.
Warren Buffett describes the coronavirus and low oil prices as the one-two punch destroying the markets. However, he will not budge from his investing strategy. He is likely to keep the Suncor stock and Restaurant Brands stock for the long term.The post Warren Buffett’s TSX Gems: Which of His 2 Stocks Is Worth Keeping? appeared first on The Motley Fool Canada.
The Zacks Analyst Blog Highlights: TC Energy, Imperial Oil, Suncor Energy, Canadian Natural Resources and Kinder Morgan
The analysts covering Suncor Energy Inc. (TSE:SU) delivered a dose of negativity to shareholders today, by making a...
A stock market crash can bring a lot of quality opportunities for long-term investors who have the cash to invest, such as these two top TSX stocks.The post Market Crash: 2 TSX Stocks I've Doubled Down On appeared first on The Motley Fool Canada.
Stocks like Enbridge and Suncor are incredibly cheap due to the current market correction. You should consider buying them.The post Got $6,000? Then Buy These 2 Brilliant Stocks While They Are Cheap appeared first on The Motley Fool Canada.
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (13,097.76, up 221.36 points.)Cenovus Energy Inc. (TSX:CVE). Energy. Up 63 cents, or 23.16 per cent, to $3.35 on 28.3 million shares.Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $1.35, or 7.31 per cent, to $19.83 on 25.1 million shares.Suncor Energy Inc. (TSX:SU). Energy. Up $1.76, or 7.93 per cent, to $23.95 on 21.9 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Up 22 cents, or 20.95 per cent to $1.27 on 17.8 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Up seven cents, or 22.22 per cent, to 38.5 cents on 16.1 million shares.MEG Energy Corp. (TSX:MEG). Energy. Up 53 cents, or 33.76 per cent to $2.10 on 14.3 million shares.Companies in the news:Cenovus Energy Inc. — Budget cuts in the western Canadian oil and gas sector are hitting home for front-line workers who are facing smaller paycheques as well as an ever-increasing risk of being laid off. On Thursday, oilsands producer Cenovus Energy Inc. responded to low global oil prices with its second capital spending cut in less than a month, along with the suspension of its quarterly dividend and a five per cent reduction in production guidance for 2020.Canadian National Railway Co. (TSX:CNR). Up $2.26 to $108.71. Canadian National Railway Co. hit an all-time record for March grain movement. Chief operating officer Rob Reilly says the 2.62 million tonnes of grain is a 6.1 per cent increase from 2017, the previous record for March. The numbers come as the country's largest railroad operator works to clear a backlog built up after a month of blockades erected across the country in February in solidarity with the hereditary chiefs of the Wet'suwet'en First Nation in northwestern British Columbia.Agnico Eagle Mines Ltd. (TSX:AEM). Up $2.95 or five per cent to $62.11. Canadian mining companies with assets in Mexico moved to suspend operations in the country as the Mexican government ordered non-essential businesses to close in an effort to slow the spread of COVID-19. Agnico Eagle Mines Ltd. says its Pinos Altos, Creston Mascota and La India operations were ramping down and would be placed on care and maintenance until April 30. Equinox Gold says it will temporarily suspend mining at its Los Filos Mine in Mexico.This report by The Canadian Press was first published April 2, 2020.The Canadian Press
Investors can look to follow Warren Buffett and buy two Canadian stocks for their TFSA. The post TFSA Investors: It's Time to Buy Warren Buffett’s Favourite TSX Stocks! appeared first on The Motley Fool Canada.
As if a grinding market halt due to the coronavirus wasn’t enough, the sudden drop in oil prices became a one-two punch for companies like Suncor.The post Market Meltdown: Suncor (TSX:SU) Could Take 10 Years to Recover appeared first on The Motley Fool Canada.
The stock price of Suncor Energy fell more than 50% in recent weeks. Should contrarian investors buy now?The post Contrarian Investors: Is Suncor Energy (TSX:SU) Stock a Top Market Crash Buy Today? appeared first on The Motley Fool Canada.
(Bloomberg) -- The last major oil-sands mine to start operating in northern Alberta could be Canada’s first big casualty of the Saudi-Russian price war and the Covid-19 pandemic.Teck Resources Ltd., one of the partners in the Fort Hills project that formally opened in September 2018, is considering a full shutdown of the mine to cut costs after local prices hit record lows. Suncor Energy Inc., another partner in the venture, announced last week one of the mine’s two production lines would be closed to preserve cash.“The partners continue to further analyze capital- and operating-cost reduction opportunities, and, as you might imagine, we’re certainly looking at the potential shutdown of the operation,” Teck Chief Executive Officer Don Lindsay said during an investor presentation. “However, more work needs to be done and we will update you as work progresses.”Storage tanks worldwide are brimming with crude as the global pandemic destroys demand, while Saudi Arabia and Russia flood the market in a fight for market share. The dual shock is pushing some producers to the brink, with shale titan Whiting Petroleum Corp. filing for bankruptcy on Wednesday. Meanwhile, refineries in North America are cutting fuel production, with some shutting down altogether.Fort Hills can produce 194,000 barrels of oil a day, more than OPEC member Equatorial Guinea. Total SA is also one of the owners.“At this time, we have made no decision to move to a full shutdown,” a representative for Suncor said. “The partners haven’t discussed a full shut down,” which would require unanimous consent of the shareholders, she said.Canadian oil producers have already announced about 100,000 barrels a day of production cuts in response to the price crash, Goldman Sachs Group Inc. analyst Emily Chieng said in a note. Further cuts will be necessary to respond to the reduction in demand, otherwise commercial inventory levels could be breached within two to three weeks, she said.Oil-sands shutdowns could reach half a million barrels a day, with the bulk of operational shut-ins starting in May, Matt Murphy, a director of research at Tudor Pickering Holt & Co., said by phone.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Suncor (TSX:SU)(NYSE:SU) stock surged by 18.40% on Tuesday and is up by 36% since Friday. Is this a dead-cat bounce, or is the rally sustainable?The post Suncor’s (TSX:SU) Stock Price Jumped by 18%: Here’s Why appeared first on The Motley Fool Canada.
While the government is busy finding ways to churn the economy, big energy firms are adjusting plans to contribute to recovery. The Suncor stock is well positioned to endure a long disruption until the market gets back on track.The post Damage Control: 3 Ways to Rebuild After a Vicious 2020 Market Crash appeared first on The Motley Fool Canada.
Why Canadian oil stocks like Suncor Energy Inc. (TSX:SU)(NYSE:SU) are more investible than they seem at US$20 WTI prices.The post Canadian Oil Stocks: The Opportunity of a Lifetime? appeared first on The Motley Fool Canada.
Oil prices are still reeling, but I’m bullish on energy stocks like Suncor Energy Inc. (TSX:SU)(NYSE:SU) and Enbridge Inc. (TSX:ENB)(NYSE:ENB) right now.The post 2 Heavyweight Energy Stocks to Buy Cheap appeared first on The Motley Fool Canada.
The energy sector could continue to trade weak. But some of the biggest energy stocks look ripe for a sharp recovery.The post No, You Should Not Totally Shun TSX Energy Stocks Right Now! appeared first on The Motley Fool Canada.