Suncor's Growing Buybacks Can Push Shares Higher
SUSuncor(SU) Seeking Alpha·2024-08-11 18:18
dan_prat Shares of Suncor Energy (NYSE:SU) have been a strong performer over the past year, rising 28%, aided by strong capital returns and its low-cost oil sands operations. After reporting a solid Q2, SU has moved back toward its 52-week high. I last covered Suncor in January, rating shares a “buy,” given the strengths of its integrated business model. Since then, the stock has rallied 24%, significantly outpacing the market’s 13% gain. Indeed, shares have even eclipsed my $38 price target, making now ...