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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