Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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From: richardred	11/19/2005 10:13:46 AM
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JBL: Alternative Energy Page 3 Sucor has had negative cash flow in the past 12 months because of high capital expenditures, which will start becoming more and more fixed annual costs. Going forward, Suncor is going to create unbelievable cash flow and become the proverbial cash cow. With no exploration costs, this cash flow could come back to shareholders in dividends. Suncor is also a takeover target for one of the big oil companies that do not have an oil sands presence, such as BP (BP:NYSE ADR - commentary - research - Cramer's Take). Suncor is trading at a forward multiple of just over 12, based on consensus estimates of $4.41 a share. Given the fact Suncor has no exploration costs, can double its production in five years, and there is negative sentiment against most other oil-producing regions, this is a great-long-term buy. I do not own share of Suncor currently but I am looking to buy some soon. thestreet.com

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