Top 5 Stock Picks of Billionaire Paul Singer

3. Suncor Energy Inc New (NYSE:SU)

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.

Suncor Energy Inc New (NYSE:SU) is aso expanding aggressively into the EV domain by leveraging its Petro-Canada network to build Canada’s Electric Highway, with a target of installing over 1,000 fast-chargers by late 2026 to capture the shifting consumer market. Carbon capture is another major catalyst for the stock because the demand for this technology is surging as global regulations tighten and industries face pressure to decarbonize. Suncor Energy Inc New (NYSE:SU) is a founding member of the Oil Sands Alliance (formerly Pathways Alliance), which is developing a massive $16.5 billion carbon capture and storage (CCS) network in Alberta.