5 Most Profitable Canadian Stocks

4. Suncor Energy Inc. (NYSE:SU)

Latest TTM Net Income: C$8.2 billion

Suncor Energy Inc. (NYSE:SU) is another Canadian oil and gas company that is also headquartered in Calgary, Canada. The firm was out with some optimistic guidance for 2024 in December 2023 when it shared that production should grow by 7% annually to sit at between 770,000 and 810,000 barrels per day.

Insider Monkey dug through 910 hedge fund portfolios for their September quarter of 2023 shareholdings and found that 34 were the firm’s investors. Suncor Energy Inc. (NYSE:SU)’s largest hedge fund shareholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital as it owns $929 million worth of shares.

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