SUNCOR ENERGY INC. $34 - Toronto symbol SU

SUNCOR ENERGY INC. $34 (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.6 billion; Market cap: $54.4 billion; Price-to-sales ratio: 1.3; Dividend yield: 1.3%; TSINetwork Rating: Average; www.suncor.com) produced an average of 361,000 barrels of oil per day at its oil-sands projects in February 2012. That’s up 1.7% from 355,000 barrels in January 2012.

Suncor aims to expand its oil-sands production by 10% a year. That will help it reach its goal of producing over 1 million barrels (including conventional oil and natural gas) per day by 2020.

Suncor is a buy.

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One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

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