Suncor's Recent Pullback Creates An Investment Opportunity
- Analysts at TheStreet.com initiated buy coverage for Suncor driven by several factors that include revenue growth, solid financial position with reasonable debt, and expanding profit margins.
- Suncor continues to enjoy its lucrative position in the Canadian Oil Sands which is considered to be its primary growth driver.
- Further investment in the oil sands will increase operational flexibility allowing the company to produce higher margin barrels.
- Similarly, the combined integrated model coupled with improved market access allows Suncor to maximize the value of every barrel that it produces.