Why Suncor Energy (SU) is a Top Momentum Stock for the Long-Term
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
For XOM and SU investors, the key issue is litigation's path, with a Supreme Court ruling expected by June 2027.
Ithaca Energy LON: ITH said it has agreed to acquire Suncor's offshore Canada assets in a transaction valued at $860 million, marking the company's first international expansion beyond the U.K. Continental Shelf.
The Supreme Court deliberates whether Boulder County's climate suit against Exxon (XOM) and Suncor (SU) can proceed in state court, with potential national implications. Mattel (MAT) faces activist pressure from Ariel Investments and Southeastern Asset Management to explore strategic alternatives, including a sale, after post-Barbie profitability weakness.
How court will lean is unclear amid Suncor Energy and ExxonMobil's attempt to stop lawsuits at state level
SU's C$1.2B offshore asset sale sharpens its oil sands focus, reduces future liabilities and supports higher shareholder returns.
Suncor Energy Inc. (SU:CA) M&A Call Transcript
What happened Suncor Energy Inc. (NYSE: SU) agreed to sell its Terra Nova, White Rose and West White Rose interests for C$1.2 billion in cash. The deal also includes up to C$350 million more, tied to future oil prices. At the same time, Suncor raised monthly share repurchases to C$750 million from C$500 million, starting
The company said the deal adds scale and diversification in an offshore operating environment similar to the U.K. Continental Shelf and materially enhances its production outlook.
Canada's Suncor Energy said on Sunday it had agreed to sell its interests in three offshore oil assets to London-based Ithaca Energy for C$1.2 billion ($841.69 million) in upfront cash.
À moins d'indication contraire, tous les montants sont présentés en dollars canadiens ($ CA).Calgary, Alberta--(Newsfile Corp. - 4 octobre 2026)
Unless otherwise noted, all financial figures are presented in Canadian dollars (Cdn$). Calgary, Alberta--(Newsfile Corp. - October 4, 2026) - Agreement reached to sell interests in Terra Nova, White Rose, and West White Rose for $1.2 billion cash and an additional contingent payment of up to $350 million Increased share repurchases from $500 million to $750 million per month beginning in October 2026 Investor Day commitments to grow normalized free funds flow by $2 billion and reduce WTI breakeven by US$5/bbl through 2028, remain unchanged Suncor Energy (TSX: SU) (NYSE: SU) announced today that it has entered into a definitive agreement to sell its 48% interest in Terra Nova, 40% interest in White Rose and 38.6% interest in West White Rose offshore assets to Ithaca Energy plc (Ithaca) for $1.2 billion (US$860 million) of upfront cash and an additional contingent payment of up to $350 million (US$250 million), based on future oil prices.
Ongoing macroeconomic shifts have renewed the relevance of Ray Dalio's all-weather portfolio. Suncor Energy is favored over Occidental Petroleum under the AWP framework due to its ex-US geographical exposure and commodity price sensitivity. SU derives over 87% of revenue outside the US (mostly from Canada), contrasting OXY's US-centric profile.
Suncor Energy earns a Buy rating for its integrated oil sands and refining model, robust cash flow, and aggressive shareholder returns. SU's downstream refining strength, especially outside the U.S., positions it to benefit from tight global refining margins and any potential U.S. diesel export restrictions. Q2 2026 saw SU's net earnings triple year-over-year, free fund flow quadruple, and refinery utilization hit 92%, supporting substantial dividends and buybacks.
Climate lawsuits are quietly moving through courts across the country, and a looming Supreme Court case could determine whether energy companies or everyday households foot a bill that one analysis puts in the billions.
Suncor Energy Inc. (TSE: SU - Get Free Report) (NYSE: SU)'s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$88.42 and traded as high as C$96.48. Suncor Energy shares last traded at C$95.76, with a volume of 6,402,533 shares traded. Wall Street Analysts Forecast
Suncor Energy Inc. (NYSE: SU - Get Free Report) (TSE: SU) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $72.06 and last traded at $71.8510, with a volume of 4237478 shares changing hands. The stock had previously closed at $68.72. Wall Street Analysts Forecast Growth Several research firms
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SU's 63% gain in 12 months reflects strong cash flow, downstream economics and oil sands gains, but risks could limit further upside.