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

To: Goose94 who wrote (103855)	4/21/2021 1:37:41 PM
From: Goose94	Read Replies (1) \| Respond to of 203353

Suncor Energy (SU-T) revisited 3.0 top pick from Michael Sprung on BNN.ca Market Call Wednesday Apr 21st @ 1200ET Suncor is Canada's largest integrated oil and gas company with operations in Alberta, the North Sea and Canada's East Coast. In the company's downstream operations, Suncor operates four refineries in the US and Canada. In addition, it has invested in emerging energy companies in biofuels, sustainable aviation fuels and renewable diesel as well as carbon capture technologies. By 2025, management sees cash flow increasing by an incremental $2 billion. As a precaution, management cut the dividend by 55 per cent due to concerns regarding weaker downstream fundamentals as well as operational pressures in oil sands operations. As the recovery takes hold, we anticipate that there will be dividend increases and reinstating share buybacks. The stock has lagged its peers over the past year and currently yields around 3.2 per cent.