The Energy Shock Is an Opportunity for Canada. Suncor Stock and 3 Other Winners. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.The Energy Shock Is an Opportunity for Canada. These 4 Stocks Are Big Winners.By Patti DommShareResizeReprintsIn ...

Key Takeaways SU shares climbed 49% in six months, outperforming the industry and sector peers.Suncor generated C$6.9B free cash flow and hit record production and refining throughput.SU faces risks from weaker oil prices, rising costs and planned 2026 maintenance impacts.Suncor Energy Inc.’s (SU) shares have rallied 49% over the past six months compared with the Oil & Gas-Canadian Integrated sub-industry’s gain of 44.4% and the broader Oil-Energy sector’s rise of 27.7%.Shares of other operators in the same ...

Core Viewpoint - Old West Investment Management's strategic shift towards energy stocks has resulted in a significant 31% return for its flagship fund by the end of February, driven by unexpected geopolitical events and a rebound in energy sector performance [1][4]. Investment Strategy - The firm increased its energy-stock exposure from single digits to over 30% of its holdings, anticipating a recovery in the sector after a prolonged period of underperformance [2][9]. - The decision was based on the belief that the market sentiment had become overly pessimistic, not aligning with long-term fundamentals [10]. Market Performance - The energy sector's stocks rallied due to geopolitical factors, including the U.S. administration's actions in Venezuela and Iran, which contributed to oil prices exceeding $110 per barrel [3][8]. - Old West's returns have outperformed notable hedge funds, including Pierre Andurand's fund (19% return) and RCMA Capital's fund (20% return), as well as major multi-strategy funds like Citadel's Wellington (2.9%) and Balyasny Asset Management's Atlas Enhanced fund (0.4%) [6][8]. Sector Outlook - The S&P 500 Energy Index saw only a 2% increase from 2023 to 2025, contrasting sharply with the 78% gain in the S&P 500 Index, indicating a potential for recovery in the energy sector [9]. - The firm has also reduced investments in equities like precious metal miners, which had already experienced significant gains, while benefiting from critical minerals and magnet companies [10]. Future Expectations - The CIO of Old West anticipates continued upside in energy stocks due to low valuations and increasing demand for natural gas driven by electricity-hungry AI data centers [12]. - The firm remains optimistic about the long-term outlook for energy, asserting that oil will continue to play a crucial role in the market [13].

Core Viewpoint - Kalshi is facing significant legal challenges as multiple states, including Arizona and Nevada, accuse it of operating an illegal gambling business without the necessary licenses [1][2][6]. Group 1: Legal Actions - Arizona's attorney general filed a 20-count criminal complaint against Kalshi, alleging it runs an illegal gambling operation [1]. - Nevada's Gaming Control Board has sued Kalshi, claiming it lacks the appropriate gaming licenses and allows users under 21 to participate, violating state law [2]. - A Nevada judge has temporarily banned Kalshi from operating in the state, with a hearing scheduled for early next month [3]. Group 2: Regulatory Context - The Nevada judge noted that Kalshi is not licensed under the Nevada Gaming Control Act and operates a "percentage game," which is classified as gambling [4]. - Kalshi argues that its registration with the Commodity Futures Trading Commission (CFTC) places it under federal jurisdiction, potentially exempting it from state laws [5]. - The CFTC chairman criticized Arizona's criminal charges against Kalshi, framing it as a jurisdictional dispute and indicating federal oversight of prediction markets [8]. Group 3: Industry Implications - The legal challenges faced by Kalshi reflect a broader trend of state-level actions against prediction markets, with similar cases against competitors like Coinbase and Polymarket [6]. - The conflict between state regulations and federal oversight is likely to lead to an ongoing regulatory battle over the future of prediction markets [9].

Key Takeaways CVX and SU hit 52-week highs as oil tops $100, setting up a close comparison on value and momentum.CVX gains from integrated model, Hess/Guyana exposure, sub-$50 breakeven, and rising 2026-2027 estimates.SU shows record output, low-$40 breakeven and buybacks, but 2026 maintenance and flat estimates loom.Energy stocks have surged sharply in recent months, riding a powerful rally in crude oil prices driven by geopolitical tensions and supply disruptions. Brent crude moving above $100 per barrel ...

Calgary, Alberta--(Newsfile Corp. - March 17, 2026) - Suncor Energy (TSX: SU) (NYSE: SU) will hold its 2026 Investor Day on March 31, 2026 at 7:30 a.m. MT (9:30 a.m. ET).  At the event, Suncor's executive leadership team will highlight the company's near-term priorities and long-term strategic outlook. To listen to the webcast, please follow the instructions provided at https://www.suncor.com/en-ca/investors/events-and-presentations. The event will be archived for 90 days. Suncor Energy - Canada's leading ...

Suncor Energy Inc. (NYSE:SU) is included among the 12 Best Large Cap Energy Stocks to Buy Now. Suncor Energy (SU) Price Target Bumped to $62 Amid Supply Disruptions Suncor Energy Inc. (NYSE:SU) is a Canadian integrated energy company that extracts, produces, and provides energy from a mix of sources, ranging from oil sands to renewable fuels. Suncor Energy Inc. (NYSE:SU) received a boost on March 12 when Goldman Sachs raised its price target on the stock from $55 to $62, while keeping its ‘Buy’ rating o ...

Core Insights - Suncor Energy Inc. is recognized as one of the best oil and gas dividend stocks to buy currently [1][6] Company Overview - Suncor Energy Inc. is a Canadian integrated energy company involved in extracting, producing, and providing energy from various sources, including oil sands and renewable fuels [2] Stock Performance and Analyst Ratings - On March 2, CIBC raised its price target for Suncor from C$70 to C$88, maintaining an 'Outperformer' rating, indicating an upside potential of over 12% from the current share price [2] Financial Performance - Suncor reported better-than-expected Q4 2025 results, with upstream production increasing by nearly 4% year-over-year to 909,000 barrels per day and refining throughput rising by 3.7% year-over-year to 504,000 barrels per day [3] - The company announced a share repurchase target of C$3.3 billion for 2026, with plans to return 100% of excess funds to shareholders [3] Dividend Yield - Suncor offers a robust annual dividend yield of 3.07%, positioning it among the best crude oil stocks for dividends [4]

Industry Overview - The global oil and gas industry is experiencing significant disruptions due to ongoing tensions in the Middle East, particularly with Iran's military responses leading to the suspension of operations at major oil and gas facilities by Gulf producers [1][2] - The Strait of Hormuz, a critical passage for over 20% of global oil and LNG supply, has been closed by Iran, exacerbating supply concerns [1][2] Oil Price Movements - Oil prices have surged to their highest levels in over two years, with Brent crude trading above $93 per barrel, and projections suggest prices could reach $150 per barrel if the conflict persists [2] - The average gas price in the US has also risen to $3.32 per gallon, the highest since 2024, although political leaders express confidence that prices will stabilize post-conflict [3] Dividend Stocks Analysis - The article identifies the best oil and gas dividend stocks, focusing on those with significant hedge fund interest and a minimum annual dividend yield of 2.5% as of March 5, 2026 [5][6] - California Resources Corporation (NYSE:CRC) reported a 25% increase in net production year-over-year, reaching 138,000 barrels of oil equivalent per day, and generated $543 million in free cash flow, allowing for a $430 million increase in its share repurchase program [9][10][11] - Patterson-UTI Energy, Inc. (NASDAQ:PTEN) saw a price target increase from Goldman Sachs, reflecting confidence in its fundamentals despite geopolitical challenges, and reported $416 million in adjusted free cash flow for FY 2025 [12][13][15] - Chord Energy Corporation (NASDAQ:CHRD) received a price target increase from UBS, indicating a potential upside of over 17%, supported by the ongoing geopolitical tensions [16][17][18] - ONEOK, Inc. (NYSE:OKE) faced a downgrade in growth expectations despite a price target increase, with analysts questioning its ability to grow without favorable commodity conditions [19][20][21] - Suncor Energy Inc. (NYSE:SU) reported a nearly 4% increase in production year-over-year and announced a share repurchase plan of C$3.3 billion for 2026, maintaining a robust dividend yield of 3.07% [22][24][25] - HF Sinclair Corporation (NYSE:DINO) is undergoing leadership changes amid concerns regarding its disclosure processes, which may impact investor sentiment [26][27][28] - BP p.l.c. (NYSE:BP) has seen a price target increase due to strong valuation support amid the ongoing conflict, with potential for oil prices to exceed $100 per barrel if the Strait of Hormuz remains closed [29][31][32] - Permian Resources Corporation (NYSE:PR) reported record operational metrics and a 20% increase in adjusted free cash flow, allowing for a 7% increase in its quarterly dividend [33][34][36] - EOG Resources, Inc. (NYSE:EOG) is targeting a free cash flow of approximately $4.5 billion in 2026, benefiting from rising oil prices due to geopolitical tensions [37][39][40]

Core Viewpoint - Suncor Energy has shown a positive trend in its stock performance, with shares increasing by approximately 7.9% since the last earnings report, outperforming the S&P 500 [1][2]. Financial Performance - In Q4 2025, Suncor Energy reported adjusted operating earnings of 79 cents per share, surpassing the Zacks Consensus Estimate of 77 cents, although this was a decline from 89 cents in the previous year [3]. - Operating revenues reached C$8.8 billion, exceeding estimates by 4%, but reflecting a year-over-year decrease of about 1.3% [4]. - The company distributed a total of C$1.5 billion to shareholders, including C$775 million in share repurchases and C$719 million in dividends [5]. Production and Operational Highlights - Suncor achieved record upstream production of 909,000 barrels per day (bbls/d), a 3.9% increase from the previous year [6][7]. - Total oil sands bitumen production rose to 992,700 bbls/d, up from 951,500 bbls/d year-over-year, driven by strong mining performance [8]. - The company’s E&P volume increased by 10.6% to 63,600 bbls/d, although it slightly missed the consensus estimate [9]. Cost and Efficiency Metrics - Operating costs from Oil Sands operations decreased to C$25.90 per barrel from C$26.55 in the previous year [11]. - Fort Hills reported a cash operating cost per barrel of C$31.60, down from C$34.25, supported by increased production volumes [13]. - Syncrude's cash operating costs per barrel decreased to C$31.05 from C$32.80, attributed to higher production volumes [14]. Downstream Performance - Refining and Marketing adjusted operating earnings for Q4 2025 were C$893 million, significantly up from C$410 million in the same quarter last year [16]. - Refinery crude throughput totaled 504,200 bbls/d, in line with consensus estimates, and refinery utilization was at 108%, compared to 104% a year ago [17][18]. Financial Position - Total expenses decreased by 9.8% to C$10.3 billion, while cash flow from operating activities was C$3.9 billion, down from C$5.1 billion in the prior year [19]. - As of December 31, 2025, Suncor had cash and cash equivalents of C$3.65 billion and long-term debt of C$9 billion, with a debt-to-capitalization ratio of 16.7% [20]. 2026 Guidance - Suncor Energy's 2026 guidance includes a focus on operational excellence and disciplined capital allocation, with plans to return 100% of excess funds to shareholders through buybacks [21]. - Upstream production is expected to be between 840,000 and 870,000 bbls/d, with annual refining utilization forecasted at 99%-102% [21]. Market Position and Comparisons - Suncor Energy belongs to the Zacks Oil and Gas - Integrated - Canadian industry, where competitor Imperial Oil reported revenues of $8.09 billion, reflecting a year-over-year decline of 10.2% [26].