{"id":653408,"date":"2010-02-03T12:55:00","date_gmt":"2010-02-03T17:55:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:390687"},"modified":"2010-02-03T12:55:00","modified_gmt":"2010-02-03T17:55:00","slug":"suncor-energy-pullback-offers-opportunity","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/653408","title":{"rendered":"Suncor Energy pullback offers opportunity"},"content":{"rendered":"<p>Shares in <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=SU&amp;id=12234354\" >Suncor Energy Corp.<\/a> fell almost 6% on Tuesday after the oilsands giant, struggling with its Petro-Canada merger, reported a big fourth quarter <a href=\"http:\/\/www.financialpost.com\/most-popular\/story.html?id=2514478\" >earnings miss<\/a>.<\/p>\n<p>Now down 11% in 2010, the stock is ripe for picking, says UBS analyst Andrew Potter. <\/p>\n<p>&quot;[The] pullback creates good opportunity to own [Suncor] at a discounted valuation,&quot; he said in a note to clients. <\/p>\n<p>Despite Suncor&#39;s guidance for weak production in 2010, Mr. Potter said oil sands volumes will ramp-up to 340,000 bbl\/d by the end of the year. That will set the stage for big growth in 2011. <\/p>\n<p>At the same time, he thinks high cash costs this year will be lower next year due to the higher volumes. <\/p>\n<p>He maintained his Buy rating and cut his target price to $47 from $48 to $47. <\/p>\n<p>&quot;SU is now trading at less than 10x 2011E EPS \u2013 in-line with Global Integrateds notwithstanding its significantly higher growth and free cash potential,&quot; he wrote. &nbsp;<\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=390687\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in Suncor Energy Corp. fell almost 6% on Tuesday after the oilsands giant, struggling with its Petro-Canada merger, reported a big fourth quarter earnings miss. Now down 11% in 2010, the stock is ripe for picking, says UBS analyst Andrew Potter. &quot;[The] pullback creates good opportunity to own [Suncor] at a discounted valuation,&quot; he [&hellip;]<\/p>\n","protected":false},"author":2571,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12076,4821],"tags":[],"class_list":["post-653408","post","type-post","status-publish","format-standard","hentry","category-energy","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2JYQ","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/653408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/2571"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=653408"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/653408\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=653408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=653408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=653408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}