Q: Could you provide your thoughts on Suncor results.
How is stock's present valuation ?
Is it safe to buy/add at current levels or wait for a pullback ?
Thank You
How is stock's present valuation ?
Is it safe to buy/add at current levels or wait for a pullback ?
Thank You
5i Research Answer:
EPS of $1.10 beat estimates of $1.00; revenue of $12.29B slightly missed estimates. Cash flow per share beat estimates. The stock rose to a record. The company showed record downstream output, and strong upstream outperformance. SU is expected to announce some cost-saving initiatives at its investor day March 31. We are very pleased with these results and the stock momentum, and would be fine buying.