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  • May 11th, 2022 11:44 am
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[OP]
Sr. Member
User avatar
Nov 23, 2010
687 posts
116 upvotes
Montreal

Suncor Stock

Is it a good idea to buy Suncor now? The specialize in Oil Sand and Oil Sand is Dead. Can Suncor survive any longer?
Do Not put All your Eggs in One Basket!
Overtaxed, Underpaid, Overpriced Proud Canadian!
693 replies
Newbie
Jul 2, 2014
54 posts
58 upvotes
Ottawa, ON
Dead suggests it wont come back to life, it can come back to life if oil prices go back up again. Historically this is bound to happen. It is up to you to believe if the fundamentals have changed and this will no longer happen.
[OP]
Sr. Member
User avatar
Nov 23, 2010
687 posts
116 upvotes
Montreal
They own Petro Canada. I guess they will have to switch to another form of Energy to survive.
Do Not put All your Eggs in One Basket!
Overtaxed, Underpaid, Overpriced Proud Canadian!
Deal Addict
User avatar
Mar 16, 2010
3325 posts
1880 upvotes
Depends if you believe in the green party or you believe in reality.
Deal Addict
Dec 3, 2014
2348 posts
1834 upvotes
Ontario
Dpack22 wrote: Depends if you believe in the green party or you believe in reality.
I am an adamant conservative supporter; however that does not make me bullish on the oil sector. The sector is in decline and not a good stock investment other than a short-term trade on oversold names if you think you can predict a price-bottom and recovery timeline, which I do not think I can, so I do not invest in this sector beyond Enbridge.
Newbie
Mar 12, 2015
81 posts
21 upvotes
North York, ON
i’m holding suncor, down 8%. is anyone else holding? thinking of selling and buying enbridge instead at this price but not sure
Deal Addict
Jul 12, 2008
4323 posts
1251 upvotes
GTA
I am holding quite a bit even after the dividend cut, it’s like 10% of my portfolio.

WCS and WTI climbing higher everyday and things will normalize soon, my ACB is a bit above $20 looking to double that in the next year.
Member
Aug 1, 2014
292 posts
209 upvotes
You pretty much answered your own question. No one can predict the future but unless Suncor diversifies into renewable options it will find difficult to grow in the future.
Member
Dec 7, 2007
315 posts
279 upvotes
Edmonton
Just wondering, did anyone receive the dividends from Jun 25? I am with TD and have yet to it?
Deal Addict
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Sep 29, 2007
2165 posts
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Mississauga
I got mine posted to my Questrade account on 6/25.
Moderator
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May 27, 2007
15992 posts
4082 upvotes
Toronto
I have Suncor and holding... seeing reds suck though.
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Sr. Member
Jan 23, 2009
778 posts
1067 upvotes
Ontario
Suncor Is Basically A Steal At Today's Price according to many

Warren Buffet owns about 1.3% stake in Suncor, in fact Suncor is one of the two Canadian stock he owns

Saudi wealth fund builds stakes in Canadian Natural, Suncor - about 2.00% stake in Suncor

Suncor stock trades at 0.8 times book value

Analyst Ratings Hold 1 - buy 13 PT $36.00

info here
https://seekingalpha.com/article/437625 ... days-price
https://www.bnnbloomberg.ca/saudi-wealt ... -1.1437236
https://www.fool.ca/2020/08/25/suncor-e ... tsx-giant/

any input?
Deal Addict
User avatar
Dec 24, 2007
1649 posts
2034 upvotes
BC
If you're a Value Investor that have the patience to wait out the current oil difficulties it's a low risk investment with lots of potential. SU, however, is still in a downtrend and may hit the March lows again. Like Fools says "The oil patch remains a tricky investment".
Jr. Member
Aug 15, 2016
179 posts
257 upvotes
SU along with all large oil and gas companies are getting crushed in an anti fossil fuel sentiment trade right now. If you have confidence that the demand for oil will return over time, then there is reason to believe that higher oil prices will also happen and that these companies offer strong value. Key things to look for will be increased passenger air travel and gasoline consumption, both which drive the demand for crude oil. I think SU is a good buy today if you are willing to wait 1 - 3 years for a recovery.
Member
Jul 22, 2018
205 posts
155 upvotes
There are lots of stocks out there if you don't like one or have doubts you don't have to get pigeonholed into it. If you like it get it no need to get other peoples approval.

While its good to imagine it going back to levels as previous. You have to think it will go down further and you have to still have the belief in that company that it will recover. Otherwise don't get it, true with any stock.
Deal Addict
Jul 12, 2008
4323 posts
1251 upvotes
GTA
Suncor is a buy at these levels with a good yield even after its dividend was cut, don’t expect it to outperform though.
Deal Addict
Sep 27, 2020
1090 posts
3154 upvotes
If you're in it for the long-haul and won't panic if the stock drops 5-6% in a single day, Suncor is a fine investment.

I suspect it will rebound but it may take a long time.

However, there are way less risky stocks that will similarily rebound in the long-term.

It's a personal choice and there are many out there who don't have the appetite to hold oil stocks.
Deal Addict
Nov 9, 2013
4543 posts
4827 upvotes
Edmonton, AB
Brewmaster7 wrote: SU along with all large oil and gas companies are getting crushed in an anti fossil fuel sentiment trade right now. If you have confidence that the demand for oil will return over time...
What about supply? What if other nations / corporations have cheaper means to supply oil than via oil sands production?
Keep calm and go long
Member
Jul 20, 2019
223 posts
122 upvotes
treva84 wrote: What about supply? What if other nations / corporations have cheaper means to supply oil than via oil sands production?
Cheap is no good because they are selling below their cost

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