Topic: How To Invest

The Successful Investor Hotline – Friday, January 21, 2022

Article Excerpt

SUNCOR ENERGY INC., $34.08, Toronto symbol SU, remains a buy. The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations. Recent accidents at the Syncrude and Firebag oil sands projects cut the company’s oil production by 195,000 barrels per day in December 2021. As a result, Suncor’s average production for all of 2021 was 732,000 barrels a day, or roughly 1% below its original forecast of 740,000 barrels. However, Suncor still expects its average production will rise about 4% to between 750,000 and 790,000 barrels a day for 2022. Suncor is a buy. Suncor recent coverage: Hotline for December 17, 2021 December 2021 issue TORONTO-DOMINION BANK, $100.30, Toronto symbol TD, is a buy. The bank merged its 43%-owned U.S. online brokerage firm TD Ameritrade Holding Corp. (Nasdaq symbol AMTD) with rival Charles Schwab Corp. (New York symbol SCHW) in October 2020. TD now…