As noted earlier, if you're looking for a slow, predictable play, pass on Canada-based oil sands play Suncor Energy (SU).

Suncor, which I first wrote about on February 5, 2009, at a price of $18.35, has chopped and bounced its way up to about $48, primarily on oil's sustained, elevated price -- necessary to make higher-cost oil-sands extraction profitable -- and there's scope to $50 and beyond.

Moreover, to say SU's rise has had its fits-and-starts would be an understatement: $5 weekly gains are followed by $3 losses.

Continue reading Suncor Energy Continues to Chop Higher

Suncor Energy Continues to Chop Higher originally appeared on BloggingStocks on Fri, 04 Mar 2011 16:40:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Tiffany (TIF) to outperform from perform at Oppenheimer.
• Kellogg (K) to outperform from market perform at Wells Fargo.
• Citizens Republic (CRBC) to outperform from market perform at FBR Capital.
• Research in Motion (RIMM) to equal weight from underweight at Morgan Stanley.
• MWI Veterinary Supply (MWIV) and Elster (ELT) to overweight from neutral at Piper Jaffray.
• Paetec Holding (PAET) and Patterson-UTI Energy (PTEN) to buy from hold at Citigroup.
• New Gold (NGD) to outperform from market perform at BMO Capital.
• Aviat Networks (AVNW) to buy from hold at Needham.
• Abiomed (ABMD) to buy from hold at Jefferies.
• Animal Health (AHII) to outperform from neutral at RW Baird.
• PNM Resources (PNM) to overweight from neutral at JPMorgan.

Continue reading Analyst Calls: COMV, FSLR, K, LDK, NGD, PTEN, RIMM, STD, TIF ...

Analyst Calls: COMV, FSLR, K, LDK, NGD, PTEN, RIMM, STD, TIF ... originally appeared on BloggingStocks on Fri, 04 Feb 2011 12:30:00 EST. Please see our terms for use of feeds.

Continue reading Suncor Energy Chops Above $40

Suncor Energy Chops Above $40 originally appeared on BloggingStocks on Mon, 31 Jan 2011 16:30:00 EST. Please see our terms for use of feeds.

If you're looking for a steady, no-worries stock gainer, skip Canada-based oil sands play Suncor Energy (SU).

Suncor, which I first wrote about on February 26, 2009, at a price of $18.35, has roller-coastered its way up to about $36, largely on oil's sustained, higher price -- necessary to make higher-cost oil-sands extraction profitable. But the ride certainly hasn't been for the squeamish: $5 monthly rips up and frequent followed by $4 plunges.

Continue reading The Suncor Energy Roller-Coaster Continues

The Suncor Energy Roller-Coaster Continues originally appeared on BloggingStocks on Tue, 21 Dec 2010 11:40:00 EST. Please see our terms for use of feeds.

I first discussed Suncor Energy (SU), here on February 5, 2009, at a price of $18.35, and the Canada-based oil sands play continues to try the patience of investors. The stock has cycled above/below the $31 level for seven months.

Moreover, that technical indicator uncertainty typically would warrant kicking the stock, but Suncor's business model and energy sector status keeps the trade in play, for now. I'll review Suncor again in a month or as conditions warrant.

Continue reading Suncor Energy Has the Right Assets for an Oil-Hungry World

Suncor Energy Has the Right Assets for an Oil-Hungry World originally appeared on BloggingStocks on Fri, 05 Nov 2010 12:30:00 EST. Please see our terms for use of feeds.

Continue reading Investing in Canadian Tar Sands

Investing in Canadian Tar Sands originally appeared on BloggingStocks on Fri, 16 Jul 2010 13:00:00 EST. Please see our terms for use of feeds.

I first wrote about Suncor Energy (SU) on February 5, 2009, at a price of $18.35. Shares of the Canada-based oil sands play have meandered for the past three months, but I still like the business model. Here's why.

Recent volatility is in part due to the uncertainty surrounding future oil exploration regulations, as a result of the massive Deepwater Horizon oil spill. Oil sands recovery does not represent as large a risk to the environment as drilling a mile (or more) beneath the ocean, but land-based oil exploration may face tougher regulations, moving forward, nonetheless.

Continue reading Suncor Energy: Promising Oil Sands Play

Suncor Energy: Promising Oil Sands Play originally appeared on BloggingStocks on Mon, 12 Jul 2010 12:30:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Barclays upgraded GlaxoSmithKline (GSK) to overweight from equal weight and said investor concerns regarding Advair and Avandia are overdone.
• Leerink upgraded Bristol-Myers (BMY) to outperform from market perform, citing management's pipeline execution. Shares were also upgraded at Citigroup this morning to buy from hold.
• Goldman upgraded Medco Health (MHS) to buy from neutral and raised its price target on shares to $76 from $67. The firm cites valuation and expectations that earnings will accelerate in 2H10 driven by a stronger generic outlook.
• U.S. Steel (X) was upgraded to neutral from sell at UBS.
• Blyth (BTH) was upgraded to hold from underperform at Jefferies.
• IPC The Hospitalist Co. (IPCM) was upgraded to buy from hold at Deutsche Bank.

Continue reading Analyst Calls: BMY, FSLR, GSK, LGF, MHS, PVH, SAI, SU, WAG, X ...

Analyst Calls: BMY, FSLR, GSK, LGF, MHS, PVH, SAI, SU, WAG, X ... originally appeared on BloggingStocks on Fri, 11 Jun 2010 11:30:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Thomas Weisel upgraded Deckers Outdoor (DECK) to overweight from market weight following channel checks. The firm also raised its target for shares to $170 from $162.
• Deutsche Bank upgraded Amerigroup (AGP) to buy from hold as it believes the company is well positioned to benefit from health care reform. The firm upped its target for shares to $42 from $38.
• Cowen upgraded Cubist Pharmaceuticals (CBST) to outperform from neutral, citing increased conviction in Cubicin's patent exclusivity.
• OmniVision (OVTI) was upgraded to strong buy from buy at Needham.
• Take-Two (TTWO) was upgraded to buy from hold at ThinkEquity.
• Wells Fargo (WFC) was upgraded to buy from neutral at Sterne Agee.

Continue reading Analyst Calls: AGP, BCSI, CL, DECK, PG, MON, RHT, RY, TTWO, WFC ...

Analyst Calls: AGP, BCSI, CL, DECK, PG, MON, RHT, RY, TTWO, WFC ... originally appeared on BloggingStocks on Fri, 28 May 2010 12:30:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• RBC Capital upgraded Suncor (SU) to outperform from sector perform following the Q1 report and FY10 production guidance. The firm has a $46 target on the stock.
• Wells Fargo upgraded Clear Channel Outdoor (CCO) to outperform from market perform. The firm expects the company to report higher-than-expected Q1 revenue and guidance, as it thinks a late cycle ad recovery is occurring.
• Piper Jaffray upgraded Power Integrations (POWI) to overweight from neutral following the company's Q1 results and subsequent sell-off. The firm has a $43 price target for shares.
• ArcelorMittal (MT) was upgraded to buy from hold at ING Group.
• Sapient (SAPE) was raised to conviction buy from buy at Goldman and to buy from hold at Citigroup.
• Powerwave (PWAV) was upgraded to buy from hold at Befferies and to buy from neutral at Merriman.

Continue reading Analyst Calls: ACN, CCO, CLX, EHTH, HAS, HOLX, MT, POWI, SON, SU ...

Analyst Calls: ACN, CCO, CLX, EHTH, HAS, HOLX, MT, POWI, SON, SU ... originally appeared on BloggingStocks on Tue, 04 May 2010 12:10:00 EST. Please see our terms for use of feeds.

The contributing editor to The Money Map Report explains, "The 'Sisters' owned pretty well all of the world's oil reserves. They had the world's best oil extraction and refining technology. They marketed the product to motorists, power stations, chemical companies, and all other users of the black gold. They made consistent profits, grew steadily as oil consumption increased, and paid good dividend."

Continue reading Suncor (SU): A 'Must-Have' Energy Holding

Suncor (SU): A 'Must-Have' Energy Holding originally appeared on BloggingStocks on Tue, 06 Apr 2010 13:00:00 EST. Please see our terms for use of feeds.

Continue reading Suncor Energy: Oil Sands for an Oil-Hungry World

Suncor Energy: Oil Sands for an Oil-Hungry World originally appeared on BloggingStocks on Thu, 25 Mar 2010 13:00:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Keefe Bruyette upgraded MSCI Inc. (MXB) to outperform from market perform on valuation following Monday's sell-off as it views the acquisition of RiskMetrics (RISK) favorably. The firm has a $36 price target on shares. UBS also upgraded MSCI, to buy from neutral, and raised its target to $40 from $34, citing the recent pullback in shares and the accretive acquisition of RiskMetrics.
• Deutsche Bank upgraded Suncor (SU) to hold from sell on valuation and raised its price target on shares to $28 from $20. The firm continues to prefer Canadian Natural (CNQ) to Suncor, however, and raised its target on shares to $80 from $78.
• JMP Securities upgraded Grubb & Ellis (GBE) to outperform from market perform based on the improved operating environment and balance sheet, and valuation, among other reasons.
• Dell (DELL) was upgraded to buy from neutral at UBS.
• FEMSA (FMX) was upgraded to overweight from neutral at HSBC.
• Westar Energy (WR) was upgraded to outperform from market perform at Wells Fargo.

Continue reading Analyst Calls: AGN, AOL, DELL, KMB, MXB, RISK, SNDA, T ...

Analyst Calls: AGN, AOL, DELL, KMB, MXB, RISK, SNDA, T ... originally appeared on BloggingStocks on Tue, 02 Mar 2010 11:20:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Baird upgraded Air Products (APD) to outperform from neutral on valuation following the sell-off after the company's bid for Airgas (ARG). The firm has an $89 price target on shares.
• JPMorgan upgraded Peabody Energy (BTU) to overweight from neutral as it believes the company is well positioned for 2010. The firm has a $50 price target on shares.
• Jefferies raised Adobe (ADBE) to buy from hold and has a $40 target on the stock. The firm believes concerns over the future of Flash are overblown and that shares of Adobe are attractive. Additionally, the firm expects CS5 to have a "decent" product cycle.
• Dell (DELL) was upgraded to buy from neutral at BofA/Merrill.
• SXC Health Solutions (SXCI) was upgraded to buy from hold at ThinkEquity.
• Harman (HAR) was upgraded to neutral from underperform at Credit Suisse.

Continue reading Analyst Upgrades, Downgrades and Initiations: ADBE, APD, BTU, C, DELL, PKY, SFY, WEC ...

Analyst Upgrades, Downgrades and Initiations: ADBE, APD, BTU, C, DELL, PKY, SFY, WEC ... originally appeared on BloggingStocks on Wed, 10 Feb 2010 11:20:00 EST. Please see our terms for use of feeds.

Continue reading Suncor Energy Remains in Uptrend

Suncor Energy Remains in Uptrend originally appeared on BloggingStocks on Fri, 08 Jan 2010 17:00:00 EST. Please see our terms for use of feeds.

Continue reading Look for sunny days ahead with Suncor

Look for sunny days ahead with Suncor originally appeared on BloggingStocks on Wed, 21 Oct 2009 15:30:00 EST. Please see our terms for use of feeds.

Continue reading Closing Bell: When news and earnings exhaustion occurs (BCRX, BAC, CIT, GE, GOOG, SU, YHOO, MSFT)

Closing Bell: When news and earnings exhaustion occurs (BCRX, BAC, CIT, GE, GOOG, SU, YHOO, MSFT) originally appeared on BloggingStocks on Fri, 17 Jul 2009 16:00:00 EST. Please see our terms for use of feeds.

Continue reading Consider Suncor, because the future belongs to owners of oil sands

Consider Suncor, because the future belongs to owners of oil sands originally appeared on BloggingStocks on Thu, 16 Jul 2009 17:00:00 EST. Please see our terms for use of feeds.

Suncor Energy (NYSE: SU) is expected to close on its purchase of Petro-Canada (NYSE: PCZ) in Q3 pending regulatory approvals. PCZ will receive 1.28 shares in the new company for each of their shares while SU holders will receive one share.

SU closed at $30.60. PCZ closed at $38.83. WTI Crude oil is recently down 0.21% to $71.34 according to Bloomberg. SU August option implied volatility of 53 is below its 26-week average of 60, according to Track Data, suggesting decreasing price movement.

Petro-Canada August option implied volatility is at 54, below its 26-week average of 59, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Options Update: Suncor Energy and Petro-Canada volatility low into merger originally appeared on BloggingStocks on Tue, 30 Jun 2009 08:20:00 EST. Please see our terms for use of feeds.

Suncor Energy (NYSE: SU) is a vertically-integrated oil company located in Canada. Unlike its vertically-integrated brethren in the United States, this Canadian stock is up more than 40% this year. By comparison, Exxon Mobil (NYSE: XOM) is down 13%, and ConocoPhillips (NYSE: COP) is down more than 20%.

The reason for the big difference in performance is the weakness in the dollar. That makes Canadian-based Suncor more valuable to investors.

Continue reading Oil stock #2: Suncor Energy (SU)

Oil stock #2: Suncor Energy (SU) originally appeared on BloggingStocks on Sat, 27 Jun 2009 13:00:00 EST. Please see our terms for use of feeds.