Suncor Energy Inc, bearing the ticker symbol (SU), was  discussed in one previous January 5 broadcast as a candidate for my Viking portfolio.

Suncor

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's Petro-Canada retail and wholesale distribution networks.

The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.

It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.

The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997.

Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada.

Three key data points gauge Suncor Energy Inc or any dividend-paying firm. They are:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

SU Price

Suncor’s price per share was $29.20 at Tuesday’s market close. In the past year, SU’s share price decreased $6.74 or about 18.75%.

If SU stock trades in the range of $25 to $40.00 this next year, its recent $29.20 share price might rise to $35.00 by next year. It could go down about the same amount.

My upside estimate of $5.80 is

$5.26 below the median of  annual price targets from 3 analysts tracking  Suncor for brokers.

SU Dividend

Suncor Energy’s Q dividend as they  declared February 14 to be $0.38 as of its most recent March 24, 2023 scheduled payout to shareholders of record March 2.

SU Returns

Adding the $1.44 expected annual dividend to my $5.80 estimated price upside, reveals a $7.24 potential gross gain per share for the coming year.

At Tuesday’s $29.20 closing price, a little under $1000 would buy 34 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.29 per share.

Subtract that maybe $0.29 brokerage cost from my estimated $7.24 gross gain estimate makes a net amount of $6.95 X 34 shares = $236.30 or a 23.6% net gain.

In the next year our $1K investment in shares of SU could generate about $49.30 in dividends. Furthermore, a single share of SU at Tuesday’s $29.20 price is almost 1.5 times less than the income estimated from $1000.00 invested.

So, by my dogcatcher ideal, this a time to consider SU shares, based on their dividends for 2023. The dividend from $1k invested is 1.69 times greater than SU’s single-share price. Consider yourself alerted.

All of the estimates above are speculation based on the past history of investment in shares of Suncor Energy Inc. Only time and money invested in this stock will determine its future market value.

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