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Suncor Energy: Conservative Investing In The Oil Patch

On 4 February, Suncor (SU) reported its Q4/14 earnings, which were down some 81% as compared with the same quarter in 2013. At CAD $ .27, they missed consensus analyst expectations of $ .35. But in the report, the company emphasized its fiscal discipline and displayed clear confidence in its future prospects. Suncor's CEO, Steve Williams, said in a conference call that followed the earnings report: "We planned for this crude price environment," and added that the company was intent on "profitably growing production." Suncor actually traded up on the earnings release, closing on February 5 at $30.01 (NYSE).

Suncor is the largest Canadian energy company and a favorite among Canadian energy stocks on the part of conservative institutional investors, almost the only "widows and orphans" holding in the energy space. The company is an integrated entity, and is nothing if not diversified. Its production comes from a number… Read More …