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Suncor Energy Inc. (SU)

NYSE - Nasdaq Real Time Price. Currency in USD
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23.51-0.12 (-0.51%)
As of 1:57PM EDT. Market open.
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  • K
    K
    Think we'll see 29 today? Oil up, US market SU up about 1% pre-market...
  • U
    UnluckyGilmore
    I am not expecting a significant dividend increase until the 4th quarter at the earliest. If you look at the chart on page 4 of the May investor presentation it shows that with oil at $60 returns to shareholders will not be a priority until Debt:FFO is less than 2 (currently 3.8). Since FFO is based on the trailing 12 months there are 2 very poor 2020 pandemic quarters to get past before this metric can be realistically achieved. I feel using the Debt:FFO ratio is a bit disingenuous as it implies that the BS is less healthy than it really is. The good news for those holding out for the a dividend increase is that the same chart shows that the company is contemplating massive returns to shareholders in 2022 - if this chart is to be believed a $2 dividend and 5% share buybacks is a minimum at $65.
  • N
    Nate
    The operator of the country’s largest fuel pipeline, Colonial Pipeline, experienced a cybersecurity attack on Friday, forcing it to temporarily shut down all pipeline operations and leading to an increase in gasoline and oil prices.

    Gasoline futures rose 1.5% to $2.16 per gallon, pulling back slightly from their highest levels of the overnight session. Heating oil futures rose 0.8% to $2.03, also off the highest levels of the session. West Texas Intermediate crude futures, the U.S. oil benchmark, advanced 0.5% to $65.24 per barrel.

    Colonial Pipeline has hired a third-party cybersecurity firm to launch a probe into the incident and has contacted law enforcement and other federal agencies. The cyberattack has affected some of its IT systems too.

    Colonial Pipeline said Sunday evening that some of its smaller lateral lines between terminals and delivery points are once again online, but that its main lines are still shut down.
  • U
    UnluckyGilmore
    Suncor was either mispriced for 5 years leading up to the the pandemic or it is mispriced now. I am thinking over 5 years the market is likely to reflect a more efficient pricing structure than the past few months where Suncor is clearly lagging the energy market and oil price. Regardless of the metric, with 60+ oil Suncor in 2021 will be more profitable and generate more cash than any period from 2016 to 2020. Also, by the end of 2021 there will be less debt and fewer shares to reap the rewards once the company starts returning more cashflow back to investors. If oil stays north of $60, in a years time Suncor is easily $40 (40% return from today's prices) and $50 (75% return) at $65+ oil. Suncor also offers incredible downside protection as an integrated oil play. It is time to back up the truck before the generalists fund managers wake up and start shifting dollars into the sector.
  • J
    Jordan
    Filling up my car at the gas station for the week crying cuz of the prices at the pump. But then open my trading account to smile cuz my portfolio gains are mooning. 4000 shares long
  • C
    Cody
    6500 shares at 18$. I'm happy camper. Holding for 50$ pre covid levels. Better earnings and company the cnrl or any Canadian company. Fully integrated energy company. Solar, wind, energy, oil, technology. Suncor is so undervalued its not even funny. Have a good weekend Suncor army😎😎😎😎😎
  • m
    mark
    Suncor is drastically undervalued when compared to Canadian Natural. Suncor generates more cash over 1billion versus 444million. And has less debt. Take a look at the numbers. I see the only reason Canadian Natural is at $40/share is because of the dividends. Suncor is smart in using the cash for buybacks as it will increase the value per share.
  • B
    Ben
    We in a double top odds of rejection have never been this low (on stocks)
  • B
    Ben
    I am really starting to think we all loaded up on oil stocks before a oil super cycle......
  • N
    Nate
    Fuel sales in the United Kingdom surged at the end of last week to their highest level since the first lockdown in March last year, according to government data cited by Bloomberg, suggesting that the reopening that began last month is already resulting in higher oil demand and economic growth.

    The UK started to gradually reopen on April 12, opening non-essential retailers, restaurants, and pubs for the first time in months as COVID cases are rapidly falling after more than half of the adult population have now received at least one shot of a vaccine. Restrictions on outdoor and indoor gatherings of people from different households will also be eased from mid-May, while the government is considering allowing vacations abroad to a restricted number of countries as early as this month.

    The UK’s reopening and the surge in fuel sales “is a tangible proof that vaccine programs are the way out of the crisis,” Tamas Varga, an analyst at PVM Oil Associates, told Bloomberg.
  • m
    michel
    Hey, fellas. What are the chances of this going to 50 per share within a year or so, like we saw in 2018?
  • J
    John
    “SU has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company.”
  • A
    Alexander
    Will a colonial pipeline shut down be good or bad for SU? Any further explanation would be greatly appreciated - learning.
  • S
    SPARS2025
    Fuel shortages coming this summer. Its all over the news.
  • D
    David
    This stock is a day trader's wet dream. No reason after the earnings posted and the price of oil that suncor shouldn't be gaining a bit of ground
  • B
    Ben
    I have 156 call contracts for may21st strike 30. CAN I GET A PRAYER!
  • F
    Frank
    Anyone aware when cut off date is for dividend payout.
  • C
    Chris
    Mark Little on the call talked about an annual buyback yield trajectory of 5% of the float. That's incredible as a return to shareholders. That's 5% less shares to pay dividends to in the future. As it stands, at current market pricing, there is NO better way to spend surplus cash flow than share buybacks. I applaud management for doing the right thing when many shareholders want cash now. The long-term benefit will be enormous.
  • R
    Rod Mac
    Let the shorts load UP and squeeze it above $29 or even beyond $29. About time to go above $30. IMO and CNQ is already $40
  • U
    UnluckyGilmore
    Suncor is experiencing a perfect storm of good fortune which has not translated into a rise in SP. Their results for Q1 were fantastic. Q2 will be unbelievably amazing. With an integrator like Suncor normally the fortunes of your upstream and downstream balance out. With High oil prices E&P does well but at the other end of the pipe your margins are low. However in this Q oil prices are high and going higher and yet so are the crack spreads (refining margins). Normally the two are inversely correlated. I believe the market is starting to realize this and SU will be on a steady rise to mid 30s by next release, assuming of course oil prices hold.