Suncor is Canada’s largest, integrated oil producer with both upstream assets (oilsands and E&P) as well as downstream assets (refining and retail gas stations). The oil and gas sector has been a tough place for investors over the last 5 years and 2020 has been brutal, particularly with short term COVID demand destruction.
Suncor shares are trading at close to 20 year lows! Despite a dividend cut earlier in the year, the shares offer a ~5% yield to investors based on current share price. This video looks at shares of Suncor to see if they represent an attractive investment opportunity, or if this sector should be completely avoided.