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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (52166)	12/4/2018 8:19:35 PM
From: Goose94	Read Replies (1) \| Respond to of 202691

Suncor Energy (SU-T) top pick from Brian Madden Market Call Tuesday Dec 4th @ 1200ET Suncor is Canada’s largest integrated oil company and the longest-running operator of oil sands assets in the country. Their oil sands assets have a 36-year reserve life index, and with breakeven oil prices below $35, the company generates very healthy free cash flow at current oil prices. Downstream integration via their ownership of four world-class refineries and approximately 1,750 gas stations has been very effective in insulating Suncor from the steep discounts other Western Canadian oil producers have suffered when selling heavy crude oil into captive American refining markets while relying on often overcrowded pipelines. With their final two major expansion projects, Fort Hills and Hebron, now in production Suncor’s capital expenditures are set to fall 12 per cent this year and a further 3 per cent next year, allowing them to maintain their established pattern of dividend increases, which have grown at a 12 per cent compound rate the last five years also providing optionality to step up the pace of their share buyback program.