Suncor Stock: Many Potential Growth Catalysts
January 12 2022 - 01:58PM
TipRanks
Suncor (SU) is a Canadian energy company with a focus on the
Canadian oil sands. We are neutral on the stock. Growth Catalysts
The most obvious growth catalyst for Suncor is the high price of
oil. The higher the price, the more money it makes. Currently, the
price of oil is in the high $70 range which is much above the
company's breakeven price of approximately $35 per barrel, which
includes dividends. Excluding dividends, the breakeven price is
closer to $30 per barrel. This brings us to our second catalyst,
which is the company's plan to improve efficiency. Suncor has set
targets to reduce the breakeven cost by approximately $4.
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Suncor Energy (NYSE:SU)
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