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Compiling comments that experts make about stocks while on public TV.

2012-11-06

Opinion for Suncor Energy Inc (SU-T)

Signal Price Bias Subject Owned
HOLD $34.590 OPTIMISTIC CANADIAN DIVIDEND & DEFENSIVE STRATEGIES Unknown

Have very rich refining margins. Very resistant to falling oil prices. Pretty cheap at around 5X enterprise value to discounted adjusted cash flow. Doing a great job of focusing on shareholder value. Just boosted their dividend, huge shareholder buyback, new religion in cost control. Wouldn’t buy more because regardless of who wins in the US election, there will be steadily more oil being produced over the next number of years. (See Top Picks.)

Greg Newman
Dir. & Assoc. Portfolio Management, Scotia Wealth Management

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