Suncor is one of the leading Canadian integrated oil-and-gas companies, with production from the oil sands in Alberta. It also has extensive overseas operations it acquired when it bought Petro-Canada a decade ago, as well as refineries in the US and Canada and over 1,800 Petro-Canada gas stations in Canada.
Income Investor
Suncor has risen 65% from our original recommendation, with most of the increase coming in the last few years. The stock rose 5% in the last year, outperforming the sector. With a low p/e ratio of 11 times 2024 earnings, and a sustainable and rising dividend yield, it remains a Buy. - Gavin Graham
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SU was first recommended here on June 12, 2006