Find real-time SU - Suncor Energy Inc stock quotes, company profile, news and forecasts from CNN Business. Forget Suncor Energy (TSX:SU): These Stocks Can Give You $4,500 Annually, How to Profit From the Market Crash: 2 Stocks to Trade in Short Term. This, when combined with the stock’s undervaluation, is a major reason why Buffett likely added to his stake in the name. Many wonder if big oil is a dying market. Returns since inception, October 2013. Still, I thought it was only prudent to prepare for a potential bear-case scenario that’s a realistic possibility amid the COVID-19 pandemic. In a prior piece, I thought it would be a good idea for Warren Buffett to add to his stake in Canadian oil kingpin Suncor Energy (TSX:SU)(NYSE:SU) after the latest barrage of damage done to the stock. While oil prices have since regained ground lost back in March, it’d be unwise to assume that the worst is over for energy producers and that COVID-19 is no longer a concern for energy investors. While Suncor’s 3.8% dividend yield leaves a lot to be desired, one has to find comfort in knowing that the payout is among the safest in the sector. Get the latest stock price for Suncor Energy Inc. (SU), plus the latest news, recent trades, charting, insider activity, and analyst ratings. The same can’t be said for most other players out there right now. Today But that’s not to say you should avoid the sector, especially given how depressed valuations have become in recent months. Suncor Energy Inc. (TSX:SU)(NYSE:SU) is a severely undervalued oil kingpin that Warren Buffett bought more shares of in the second quarter. Of all Canadian energy firms, Suncor looks the most financially flexible. The company had a strong balance sheet before it took its dividend to the chopping block. Not to alarm you, but you’re about to miss an important event. Fool contributor Joey Frenette has no position in any of the stocks mentioned. If a worst-case scenario ends up panning out, and WTI falls to the teens, as the tides go out on the oil patch again, Suncor will be one of few firms that will still have its trunks on. Renowned Canadian investor Iain Butler just named 10 stocks for Canadians to buy TODAY. Sure, Suncor may have lost some fans with its dividend cut. Please read the Privacy Statement and Terms of Service for more information. The high price target for SU is $48.00 and the low price target for SU is $22.00. Here's why Suncor's (TSX:SU) recovery might take longer than expected. There are currently 1 hold rating and 12 buy ratings for the stock, resulting in a consensus rating of "Buy." While WTI prices look to have stabilized in the low US$40 levels, there’s no telling what the next move will be, as it’ll likely depend on the pandemic’s next move. The Motley Fool Canada » Dividend Stocks » Why Warren Buffett Bought More Suncor Energy (TSX:SU) Stock, Joey Frenette | August 23, 2020 | More on: SU SU. All rights reserved. Simply click here to discover how you can take advantage of this. Given oil’s brief slip into negative territory earlier this year, investors must acknowledge that anything can happen with regards to oil prices over the near to medium term. Start a 14-day free trial to Morningstar Premium to unlock our take on SU. The post Is Suncor Energy (TSX:SU) Stock a Good Bet Right Now? Because Motley Fool Canada is offering a full 65% off the list price of their top stock-picking service, plus a complete membership fee back guarantee on what you pay for the service. He’s following his own advice and is being greedy on a name while others are fearful. This is your chance to get in early on what could prove to be very special investment advice. There are a plethora of seemingly insurmountable headwinds in the Albertan oil patch right now. If you’ve got a long-term time horizon, now is a great time to build a stake in the heavily out-of-favour Canadian energy kingpin, while the stock is trading at a modest discount to its book value. Learn about SU with our data and independent analysis including price, star rating, valuation, dividends, and financials. The oil patch is an ugly place to invest, but Suncor is a best-in-breed operator with a balance sheet that’s now head and shoulders above most of its peers in the space. Warren Buffett used to be a cigar-butt investor, but these days, he’s all about buying pieces of wonderful businesses at fair to wonderful prices, and at today’s levels, Suncor fits the bill. TSX Stocks: 2 Stars With Reliable 5% Yields, Love High Dividend Yields? Speaking of ample upside, you need to check out these following stocks curated by the team here at the Motley Fool Canada! The insidious coronavirus is still out there, and anytime localities take the pressure off containing it, nasty outbreaks tend to ensue. With Suncor, Warren Buffett is going for the best player on a team that otherwise stinks. So if you’re tired of reading about other people getting rich in the stock market, this might be a good day for you. Get Suncor Energy, Inc.'s stock price today. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. 3 Beaten-Down Stocks Look Attractive, Aphria (TSX:APHA) Stock Plunges: Marijuana Industry in Trouble. Current as of October 27, 2020. A worsening of this pandemic could continue weighing on energy demand. After a 55% dividend reduction, Suncor now has a Fort Knox-like balance sheet, making it one of few oil sands operators that’s capable of holding its own should the tides go out further on the Albertan oil patch. Post-Market 0.03 (0.25%) SU stock quote, chart and news. Suncor Energy Inc. Common Stock (SU) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Should You Buy Aphria (TSX:APHA) After Its Recent Pullback? I understand I can unsubscribe from these updates at any time. Predicting oil prices can be a dangerous game. There are far too many variables to conclude where either WTI or WCS prices are headed next. appeared first on The Motley Fool Canada. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. And in the background, renewable energy producers are picking up traction, acting as a modest secular headwind for all firms involved with the production and distribution of fossil fuels. Suncor (TSX:SU) (NYSE:SU) stock is controversial. Suncor Energy Inc. SU 12.22 0.71 (6.17%). © 2020 The Motley Fool Canada, ULC.

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