STOCKCHASE

Last quarter was not very good because integration with Petrocan is still going on. You will still get some messy quarters.

2010-02-08

BUY

31.280

Needs $60 oil to make money and oil has dropped to $70. Keep having operating problems. In the long run, they have incredible asset in oil sands, which will eventually be worth a lot of money. Terrific company for a long-term investor.

2010-02-08

TOP PICK

31.900

Philip Doyle

(A Top Pick Dec 18/09. Down 11.3%.) A play on Canada oil sands. Due to the integration of the Petrocan assets it now has an interesting diversified asset base.

2010-02-05

BUY

31.900

Andrew McCreath

A chronic under performer from an operating perspective. Recently moved down to a 5 multiple cash flow on 2011 numbers. Just bought some as a Trade as oil is at the lower end of its band and he sees a bounce in oil causing this stock to go back up. Looking for 10%. There are other names he would be more interested in is a longer-term hold.

2010-02-05

Comment

32.680

Don Vialoux

Broke a key support level recently as well as breaking below 50-200 day moving averages. Strength relative to the market and energy sector is negative. Getting very close to a key support level of $30.37. Also very strong positive seasonality from around now and through until May. Announced chemical operations improved nicely, which say you should be getting into the materials sector.

2010-02-03

DON'T BUY

32.850

Mike S. Newton, CIM FCSI

You have to let this one workout. Not only the Petrocan deal but was probably one of the darlings that was over owned. Expects a long period of consolidation with this name.

2010-02-02

DON'T BUY

32.850

Bill Harris, CFA

Not the highest quality oil sands company. After acquiring Petro Canada, he would want to let it do its thing for another two or three years so he can assess it.

2010-02-02

TOP PICK

33.760

Has dropped back with the retreat in oil prices. You have the restart on the oil sands side. Best operator there. Still 2 or 3 years of synergies that they can pull out of the Petrocan acquisition as well as a couple of dispositions of non-core assets.

2010-01-29

HOLD

34.350

Hasn't done much in the past year. Have now merged with Petrocan and is basically in a sideways trading range. Longer term it is going to be a great company. He particularly likes the outlook for the oil sands.

2010-01-28

PAST TOP PICK

34.710

Michael Sprung

Liked their merger with Petrocan. A dominant player in energy.

2010-01-27

TOP PICK

35.200

This is a benchmark name. The rest of the world is growing, even if the US isn't and that is ultimately good for oil and oil sands.

2010-01-22

HOLD

35.770

David Cockfield

Has 20% or more of energy stocks but a chunk of that is oil income trusts. 7%-9% of regular energy stocks. Waiting to see how things work out with the Petrocan merger. Also a little less positive on the tar sands side of the business.

2010-01-21

DON'T BUY

35.770

Michael Smedley

Target is still going flat. Great company leader in oil sands. Amalgamation with Petro Canada is not as efficient as they thought. Not hugely keen on buying for gains over the next 12 months.

2010-01-21

BUY

37.520

Likes the merger with Petrocan. Because of the downstream assets, they have become an integrated company. Tremendous assets and tremendous production capability and costs keep going down. Should be a core holding for all Canadians.

2010-01-14

BUY

37.520

Jeff Black

A core holding. Merger with Petrocan was excellent. Well managed. Safe jurisdiction.

2010-01-14

BUY

38.580

Christine Poole

Leveraged to oil. Acquired Petrocan last year giving them access to a strong balance sheet and good cash flow. Will be selling some of acquired assets and moving the money into oil sands projects, which she likes.

2010-01-11

TOP PICK

38.580

Ross Healy

The merger with Petrocan has created a beautiful well-rounded company. This is about as cheap as this company gets historically.

2010-01-11

BUY

38.690

Douglas Kee

In the short term they are going to the merger with Petrocan and have sold some assets in the Rockies, which is a positive sign. Longer term they will concentrate in the oil sands.

2010-01-08

BUY

39.250

Mason Granger

Great choice. Depends on risk tolerance. Has a number of including catalysts – asset dispositions.

2010-01-05

BUY

37.210

Laura Wallace

PetroCan acquisition will strengthen the company and they should be able to integrate easily. Could continue having negative publicity regarding oil sands near term but longer-term the political situation of having a secure stable supply will outweigh near-term concerns.

2009-12-31

TOP PICK

37.130

Likes the merger they did with Petrocan. There is a lot of potential there. Looking for oil prices to work their way higher. Undervalued.

2009-12-23

PAST TOP PICK

37.130

Michael Sprung

(Top Pick Dec 19/08, Up 33%) It’s getting a little more respect nit he Gas patch. Good upstream and downstream exposure to the oils. Suspects we will see more and more M&A activity in the oil and gas patch. There are always some re-alignment of properties after a take-over.

2009-12-22

BUY

37.130

Michael Sprung

Likes it and prefers it. Bit more diversified play on oil and gas industry.

2009-12-22

TOP PICK

35.750

Philip Doyle

Likes energy. This is a very solid company. Acquisition of PetroCan makes them a leader across Canada. Reasonably valued and has solid management with potential to increase production and cash flows.

2009-12-18

BUY

35.750

Steven Conville

When you have a market that is approaching or is already over bought, the market gets nervous and will punish companies for any minor glitch. He likes all of the North American large-cap energy services companies.

2009-12-18

BUY

37.900

Steve Carlin

Has a lot of work ahead of it integrating the Petrocan assets but he thinks management is top-notch and will execute. Terrific long-term assets. Layering on additional growth from their oil sands projects.

2009-12-16

TOP PICK

36.290

World-class management team and assets with visible growth ahead. Doesn't expect any climate change results will affect it too much. Their average cost of production is only about $22 a barrel. The integration with PetroCanada is largely behind them.

2009-12-11

Comment

36.290

Jaime Carrasco

Holds one of the biggest land positions and has great production. World-class property with no political risks. This is a good hold that you wait on.

2009-12-11

BUY

35.640

Don Lato

This company will be very well positioned for growth over the next several years. Production that is going to come out of the oil sands through the years is going to be needed.

2009-12-09

BUY

36.040

Major player that bought Petro Canada, a major player. He likes that in the sort and long term. Was a fan of the merger.

2009-12-08

TOP PICK

36.760

Best oil sands play with lowest cost and longest history. Going to finish off Firebag 3 and 4. Great long-term story.

2009-12-07

PAST TOP PICK

38.010

Laura Wallace

(A Top Pick Dec 11/08. Up 50.71%.)

2009-11-26

PAST TOP PICK

38.070

Richard Croft

(A Top Pick Feb 5/09. Up 51%.) Bought stock @23.80 and Sold Jan 2010 $24 Calls for $6.05. Also Sold Jan 2010 Puts @$6. Ended up with $12.05 per share in option premiums, taxed as a capital gain for 2010.

2009-11-20

BUY

38.250

(Market Call Minute.) 22 billion barrels of recoverable oil on their property.

2009-11-19

Comment

38.880

Robert McWhirter

Thinks oil will trade above $80 and if it breaks through $82 the stock could go up another $7. Ranks very low in his database.

2009-11-17

WATCH

36.890

Paul Thornton

Oil sands has not been the best place for playing oil stocks so this would not be his first choice. There is a lot of potential upside for the big producers. This one has been range bound since June. If it breaks out over $40.38, there will be a resumption of the uptrend.

2009-11-13

DON'T BUY

36.860

Bill Harris, CFA

Did some odd things in the last year. Since they bought Petro Can, you just have to give them time to see if they can handle it. 2-3 years.

2009-11-10

PAST TOP PICK

37.350

(A Top Pick Oct 22/08. Up 41.2% not including dividends.) Lagged the group in performance. Intending to pay everything through cash flow and not lever up the balance sheet.

2009-11-09

HOLD

35.400

David Driscoll

One of the high quality stocks in the Canadian oil sector and can be an anchor to anyone's portfolio. Dividend will probably be maintained for the near-term because of the PetroCanada acquisition but as growth comes it will start to rise over time. If unemployment continues to rise and demand continues to fall something will have to give.

2009-11-06

Comment

35.140

Ken McCord

Not bullish on energy. There could be a rally, which would give you the opportunity to sell your energy positions.

2009-11-04

DON'T BUY

35.140

Stan Wong

Doesn't like the story at this point. Missed their estimates pretty heavily last quarter. Has been a laggard.

2009-11-04

BUY

34.960

Mason Granger

Expects Q4 will give more guidance on projects they will be pursuing next year. Looking for good synergies including the sale of non-core assets. Good entry point.

2009-11-03

PAST TOP PICK

35.590

Craig MacAdam

(A Top Pick May 14/09. Up 3%.) Now hearing more details on the integration with Petrocan. Should continue to strengthen.

2009-11-02

BUY

36.970

Derek Webb, CFA

Stock is on trend and bounced against support which is a good place to buy. Going higher.

2009-10-29

BUY

37.610

Michael Smedley

Very attractive company. In an expansion through buying the integrated PetroCan.

2009-10-26

BUY

39.680

Don Lato

(Market Call Minute) Likes the long term outlook for oil prices and they have great and growing production.

2009-10-21

TOP PICK

39.870

Good management at Suncor, good assets at Petro Canada. They weeded out the assets they don’t want. They sold off some Nat Gas assets recently. They are very focused. It’s a great story. They will be a big player in the oil patch and they will get a higher valuation over time. The big risk is environmental risk (oil sands).

2009-10-20

BUY on WEAKNESS

39.870

Joseph Schachter

Well managed. You may see stock under $30 if you are pessimistic on oil.

2009-10-20

BUY

40.380

Christine Poole

Merged with PetroCan (PCA-T) and she is positive on this company. This has given them a stronger balance sheet so they can focus on their oil sands project.

2009-10-15

PAST TOP PICK

38.700

(A Top Pick Aug 14/09. Up 7.64%.) There will be a lot of international interest because this is the Canadian “go to” name. Still a Buy.

2009-10-13

TOP PICK

38.700

Likes it because he is favorable towards energy and oil sands. Great assets and great management. Likes the combination – a world class corporation

2009-10-13

BUY on WEAKNESS

36.740

Jeff Parent

Had 4 higher lows since March, which is very positive. However, formed a double top in June and September, which is always a negative sign. Thinks it will just enter into a consolidation phase. $35 is a good entry point. If it gets above $40, it could easily see $44. You have to exit at $32.75, which is its previous low.

2009-10-07

BUY

36.450

Alexander Lane, B Comm, C

It’s always had a bit of a premium multiple. It gets a valuation like the large integrateds in the US. It’s one of the better big plays for oil in Canada. Petrocan merger makes a ton of sense. Likes the story. If oil prices don’t come back, there’s your risk.

2009-10-06

BUY on WEAKNESS

37.440

Keith Richards

Having a little bit of a pullback after a breakout. If we get the anticipated market correction of 10%, this could get back into the $33 range. Commodities tend to peak in the 2nd half of October, which could slow down momentum.

2009-09-24

BUY

38.200

David Cockfield

Merged with PetroCanada. Hadn't been happy with the 2 individual companies but as a merged company it has the right combination of downstream gas stations and assets and there will be economy of scale as they move along. Strong presence in the tar sands.

2009-09-23

BUY

38.630

One of the best stocks to own in Canada over the next 3 to 5 years given the combination between Suncor and PetroCanada, asset sales and the focus on their oil sands operation.

2009-09-21

PAST TOP PICK

38.590

Glenn MacNeill, P.Eng.

(A Top Pick Sept 2/08. Down 27.46%.) Going through a merger with Petrocan (PCA-T), which will have lots of ups and downs. Expect they will perform well but keep your eye on it.

2009-09-18

Comment

39.380

Stan Wong

His concern is with the oil sands business and environmental concerns that might hold back the stock. Prefers Encana (ECA-T) a little bit more.

2009-09-17

BUY

39.440

Jamie Horvat

Have the long-term life assets in the oil sands and recently acquired Petrocan. Now consolidating the acquisition. Will sell Petrocan’s excess gas, offshore and North Sea assets. Likes this longer-term.

2009-09-16

Comment

39.440

Steve Carlin

Have a long road of growth going for them. Really a call on the price of oil and execution. Expect some digestion pains in the next year or so but longer term he has a lot of confidence in the management team.

2009-09-16

BUY

38.650

Not too late to buy even though it has had such a run-up. Could buy half now and the rest if there is a pull-back. They now have time to massage some of the assets from Petro Canada.

2009-09-15

BUY

37.350

David Burrows

Thinks there is some room to the upside. Energy space, more specifically oils and natural gas looks very constructive. Will probably be able to double production over the next 3 or 4 years.

2009-09-14

BUY

36.720

Liked the merger with PetroCan as it combines great assets with good management. As a long-term investor he will own this for a long time is he really likes the oil sands assets.

2009-09-11

BUY

34.770

Charles Oliver, HBSc CFA

Believes in peak oil and the oil sands is a great place. Relatively cheap at about 13X PE. Thinks their integration with PetroCan will be successful.

2009-09-09

BUY

34.000

Andrew Guy, CFA

An attractive play right now as you get a rebound in oil prices. PetroCan that they acquired is an attractive asset. They'll be able to take a lot of costs out of this.

2009-09-04

BUY

33.050

Derek Webb, CFA

Looking at the chart, he would want to be a buyer at this point. With all the stimulus it looks like all the economies are going to recover and with probable monetary inflation, it looks like things will continue to march higher.

2009-09-03

BUY

33.490

Now that the PetroCanada deal has closed, this gives you a variety of things including oil sands, international interests, refining and additional retail. Should do well with this long-term.

2009-08-31

TOP PICK

33.490

Willem Hanskamp

Merger with PetroCanada was a major coup for them. Gives them diversification away from their oil sands business. Well managed company. Consider buying a couple of $’s below where it is now.

2009-08-31

Comment

34.260

Rick Stuchberry

The merger with PetroCan is a good thing. First-rate company. Expect there will be side ways trading for a little bit. Once we get past the shoulder season, this will continue to do very well. Excellent assets. $30 would be an excellent entry point.

2009-08-27

BUY on WEAKNESS

34.260

Nick Majendie

Could fall below the $30 mark but not if oil holds at the $70 level. Great buy at $30 or below.

2009-08-27

BUY

34.820

Christine Poole

Good investment at these levels. Before they merged with PetroCanada they were primarily oil sands but with the merger has been diluted down to about 50%. Will be able to use PetroCan’s cash flow to further develop their oil sands projects. Good management.

2009-08-26

STRONG BUY

34.790

Gavin Graham

The merger with PetroCanada was a good deal. Companies that owned both companies have been selling down positions in order to adjust their weightings so the price has not moved much. It is digesting. Now cheaper than it has been for most of the last 5 years. Benefiting from lower gas prices, which is used in the tar sands.

2009-08-25

STRONG BUY

35.270

Very pleased with the merger with PetroCan (PCA-T) and its outlook. Although PetroCan had some great assets, management was not as good as it could have been. Suncor has far superior management. Is particularly high on their oil sands holdings. (See top Picks. He could have picked this as well.)

2009-08-24

TOP PICK

35.270

Jim Huang

Just completed a merger with PetroCanada, which de-leverages the balance sheet. This gives them room to grow the oil sand production and focus the company. PetroCanada has been under performing so there is a lot of opportunity to create value from the asset base. Sees oil getting to the $80-$90 range.

2009-08-24

BUY on WEAKNESS

35.530

Joseph Schachter

Has done very well because of its leverage to oil prices. If there is a correction in oil prices, he could see this dropping to below $30.

2009-08-21

SELL

36.520

Colin Stewart

Core holding you want to own, but depends on your overall view of the commodity. Oil prices have been strong recently and he thinks it is due for a correction so wait for a lower price.

2009-08-20

DON'T BUY

34.940

Andrew McCreath

Going to be one of the goliaths after this merger. Since no one will be able to buy this company (take it over) because of Canadian content, the multiple will continue to be challenged.

2009-08-18

DON'T BUY

34.410

Steven Conville

Wind farms don't strike him as Suncor as its best. Doesn't think they will ever be profitable. Would rather have them take a look at what they do best and doing it better. Not a big plan of their plays.

2009-08-17

TOP PICK

35.840

Hap (Robert) Sneddon FCSI

This will be the next big Canadian “go to” name. On a global basis, if you want to invest in Canada, it will be this company. On a net asset value basis, out of all the large caps, it is the cheapest.

2009-08-14

DON'T BUY

34.910

Mike S. Newton, CIM FCSI

This is right at a point where he is even considering selling it. A little concerned that they are going to have too much on their plate with the merger of PetroCan (PCA-T). Prefers Canadian Natural Resources (CNQ-T).

2009-08-11

BUY on WEAKNESS

34.910

Glenn MacNeill, P.Eng.

Merging with PetroCanada (PCA-T), which will be good. Very well managed. Oil prices are very strong right now and will continue to be so.

2009-08-11

Comment

36.560

Peter Brieger

Has acquired PetroCan (PCA-T). On a Price to Cash Flow basis it is probably more expensive than Canadian Natural Resources (CNQ-T) but about the same as Encana (ECA-T). Great potential. Prefers the pure play of Crescent Point (CPG-T), the gas play of Daylight Energy (DAY.UN-T) and Encana (ECA-T). (Also see Top Picks.)

2009-08-05

DON'T BUY

36.440

Oil stocks have had a pretty big bump. 50-day moving average is starting to turn down. 200-day moving average has flattened out. He can't see a big driver right now. Volumes are low. He would wait for a pullback.

2009-08-04

DON'T BUY

34.800

Stan Wong

Acquiring Petrocan (PCA-T). This is an interesting company but thinks it will take time for them to absorb Petrocan. Would consider focusing on other names such as Canadian Natural Resources (CNQ-T) or Encana (ECA-T).

2009-07-30

STRONG BUY

35.540

Merger with Suncor (SU-T) is pretty much a done deal. This one is in the penalty box right now because of a poor quarter. Long-term, this is a phenomenal company to hold.

2009-07-24

STRONG BUY

36.700

Dean Orrico

Just reported and showed higher costs in production. With the acquisition of PetroCanada (PCA-T) and their oil sands assets and the unused upgrading capacity this is going to be a great place to be in the long-term.

2009-07-23

HOLD

36.700

Peter Brieger

Bullish on oil. A leader in technical expertise and have the oil sands process down pat. Expensive at 12X cash flow. (See Top Picks.)

2009-07-23

Comment

36.000

Greg A. Taylor, CFA, BBA

Merging with Petrocan (PCA-T) in the beginning of August. Because of dealing with synergies, etc. they'll probably do OK in the next year but not sure it will be leadership in the oils.

2009-07-22

SELL

33.950

Veronika Hirsch

Quality name. If you own, consider taking a quick profit. Over the summer you will have other opportunities to get it at a lower price.

2009-07-17

TOP PICK

32.790

Jim Huang

Likes the merger with PetroCan (PCA-T). De-levers the balance sheet in an instant and gives their capable management team a chance to take over an under performing company. Expecting oil prices to be $80+ in the long-term, which will give them a lot of cash flow.

2009-07-16

TOP PICK

32.610

Likes the deal with PetroCanada (PCA-T). Good management who will rationalize the assets and will have 3 to 5 years of picking out places to drill globally. They are the lowest cost oil sands and can make money at current prices.

2009-07-15

BUY

31.450

Karl Berger

Merger with Petrocan (PCA-T) will be good for them. Likes these 2 as a domestic way to play this space. Don't buy it based on a near-term appreciation of the price of oil.

2009-07-14

BUY

31.250

Merging with PetroCan (PCA-T) and he likes the deal. PetroCan has a history of management issues with operations. A perfect combination. (He owns PetroCan and will be happy to end up with Suncor.)

2009-07-13

BUY

31.050

Rick Stuchberry

Merging with PetroCan (PCA-T). The reason to buy either is that they have a production profile that could grow dramatically. If you are positive on energy over the next little while, it makes a ton of sense to have a senior company like this.

2009-07-10

Comment

30.770

Gavin Graham

Would prefer buying this through PetroCan (PCA-T) at a discount. This will be our national champion in the oil sands. No one can take it over as it has the protection of the Petro Canada Act. We'll continue to go a lot higher.

2009-07-07

WAIT

32.850

Ara Nalbandian

High quality integrated company with assets predominantly in oil sands. In the process of acquiring PetroCan (PCA-T). Not very cheap. He is expecting a correction in crude oil prices, which will give you a buying opportunity.

2009-07-03

DON'T BUY

33.160

Bill Carrigan

Not a fan of the oil sands. When crude spiked, this one did not. The rebound from the beginning of the year is less than what crude had. This sector is not a “buy and hold” at the moment as there are too many overhead questions about it.

2009-07-02

BUY

33.160

Paul Harris, CFA

Merging with PetroCan (PCA-T). The oil companies over the long term are a great story and they'll do well. Merging with an integrated oil company and they are an oil sands company, which is very complicated area. The risk is that they don't get it right.

2009-07-02

Comment

35.370