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

To: Goose94 who wrote (55975)	4/11/2019 8:01:44 PM
From: Goose94	Read Replies (1) \| Respond to of 202700

Suncor Energy (SU-T) top pick from Brian Madden on BNN.ca Market Call 2nite Thirst-day Apr 11th @ 1800ET Suncor is Canada’s largest integrated oil company, and the longest running operator of oil sands assets in the country. With breakeven oil prices near $30, the company is currently generating a very healthy free cash flow. Downstream integration via their ownership of four world class refineries and approximately 1750 gas stations has been very effective in insulating Suncor from the steep discounts other Western Canadian oil producers have recently 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 fell 17% last year and should fall a further 2% this year, allowing them to maintain their established pattern of dividend increases, which have grown at a 12% compound rate the last five years, and providing optionality to step up the pace of their share buyback program.