Record output for Suncor

Article Excerpt

SUNCOR ENERGY INC. $47 is a buy. Canada’s largest integrated oil producer (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.2 billion; Market cap: $56.4 billion; Price-to-sales ratio: 1.1; Dividend yield: 4.9%; TSINetwork Rating: Average; www.suncor.com) produced a record 853,200 barrels a day in the first quarter of 2025, up 2.1% from 835,300 barrels a year earlier. That’s due to higher output from its main oil sands projects. The company also reported record sales of refined petroleum products of 604,900 barrels a day, up 4.1% from 581,000 barrels. Suncor’s improving production and efficiency will help it offset lower crude prices. The stock also trades at an attractive 5.3 times its projected 2025 cash flow of $8.84 a share. The $2.28 dividend yields a solid 4.9%. Suncor is a buy. buy. …