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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (96457)	11/18/2020 9:02:07 AM
From: Goose94	Read Replies (1) of 203376

Suncor Energy (SU-T) BMO analyst Randy Ollenberger. "I don't know that there's a big rush to make some of these investments if you are Suncor or Canadian Natural Resources (CNQ-T) They might be much better off to continue to harvest capital from their existing asset bases," he says. Mr. Ollenberger expects demand to continue growing for the next decade. Even if prices remain at current levels, he says large producers such as Suncor and Cenovus can continue to pump profits and pay dividends. "The Canadian companies are pretty well positioned. They've got cash-flow break-evens in the low $30 (U.S.) range, meaning the oil prices required for them to hold production flat and cover their dividends," he says.

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