Top 5 Stock Picks of NewGen Asset Management

3. Suncor Energy Inc. (NYSE:SU)

NewGen Asset Management’s Stake Value: $10.37 million

Percentage of NewGen Asset Management’s 13F Portfolio: 5.82%

Number of Hedge Fund Holders: 32

Suncor Energy Inc. (NYSE:SU) is a Canadian integrated energy company. The company’s primary focus is the production of synthetic crude in Canada’s Athabasca oil sands. Additionally, it works with petroleum refining in the USA and Canada. Suncor Energy Inc. (NYSE:SU) is working towards becoming a net-zero greenhouse gas emissions company by 2050.

According to Insider Monkey’s database of 867 hedge funds, the hedge fund sentiment of Suncor Energy Inc. (NYSE:SU) has remained the same in the second and the third quarter of 2021, with 32 funds having a stake in the company.