Should You Buy Suncor Energy (SU)?

We just covered the Top 10 Stock Picks of Billionaire Paul Singer. Suncor Energy (NYSE:SU) ranks #3 (see Top 5 Stock Picks of Billionaire Paul Singer).

Elliott’s Stake: $3,482,066,588

The turmoil in oil markets amid the Middle East conflict, years of underinvestment, and the removal of roughly 600–700 million barrels from global inventories has left Suncor Energy Inc New (NYSE:SU) in a strong position. Why? Because it operates one of the most reliable oil sands businesses, with proven reserves that can sustain production for more than 25 years at current levels. Its output is expected to grow steadily, unlike many global peers facing declining reserves. Suncor Energy Inc New (NYSE:SU) is also financially solid.

Suncor Energy Inc New (NYSE:SU) is returning significant cash to investors. It delivered over $5.8 billion to shareholders in 2025 through dividends and buybacks, and plans to continue repurchases at about $275 million per month. Its dividend yield is around 2.8%, and the payout is likely to increase if oil prices remain elevated.

Goldman Sachs praised Suncor CEO Richard Kruger in a June note. The bank highlighted his leadership for a successful operational turnaround. Goldman cut Suncor to Neutral from Buy, but only after the stock more than doubled since January 2023. The stock is up about 60% over the past one year.

Goldman analyst Neil Mehta kept a positive outlook on Suncor. He pointed to strong upstream execution at the Firebag and Fort Hills assets.

Correction: This article has been corrected to remove a previous statement claiming Suncor planned to install more than 1,000 EV fast chargers through Petro-Canada by late 2026. That figure could not be verified and has been removed.

Photo from X-Energy website

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