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


To: Goose94 who wrote (58558)5/15/2019 8:05:56 PM
From: Goose94Read Replies (1) | Respond to of 202704
 
Suncor Energy (SU-T) top pick from Lyle Stein on BNN.ca Market Call Wed May 15th @ 1200ET

Suncor is a long-term cash flow machine: $12 billion per year with WTI at $60. After capital expenditures ($6 billion), free cash goes to dividends/buybacks or debt reduction. Debt is at 1-time cash flow, so there’s little balance sheet risk. Refining assets provide a hedge against the WCS discount. Current dividend yield is 3.9 per cent with significant room to grow. This is a contrarian call on the economic cycle.