But Buffett is buying into them.

Here are some more dividend stocks to consider. Unlike his Goldman bet, Buffett’s investment in Suncor did not revive investor confidence, as his investment is less than 2% of his portfolio. © 2020 The Motley Fool Canada, ULC.

The post Can Warren Buffett’s Bet on Suncor Energy (TSX:SU) Pay Off in 5 Years? I would recommend staying on the sidelines instead of investing money in Suncor. There were many firsts for the Oracle of Omaha. While Suncor’s facing a lot of obstacles, Buffett is still optimistic. Like the rest of the global energy sector, Suncor Energy (TSX:SU)(NYSE:SU) has taken a severe beating this year. Hence the stock’s Relative Strength Index (RSI) continues to stay close to the oversold category of 30. Market Voice allows investors to share their opinions on stocks. And yes, oil prices will rise. It has the liquidity to meet its current debt obligations and keep its operations functional. Then compare your rating with others and see how opinions have changed over the week, month or longer. After the pandemic, the stock dropped another 60% and is … Suncor has a few competitive advantages when it comes to oil: a longer-than-average reserve life (27 years), is an integrated producer, and there will be no new competition. The oil industry is currently in its worst crisis, with both upstream and downstream operations coming to a halt. {{stock[column.field] | filterVolumeDisplay: column.field }}, {{stock[column.field] | filterVolumeDisplay: column.field}}, Dollar amount must be non-negative number, {{quoteObj.lastDividentReported | number:2 }}%, {{quoteObj.previousClosePrice | number:2}}, {{quoteObj.priceToSalesRatio | number:2}}, {{quoteObj.shareOutstanding | number:2}} M, {{quoteObj.expectedReportDate | date:'MMM d, yyyy'}}, {{ result.ContentPackages[0].Duration | time }}, {{ result.BroadcastDate | filterFormatAirDate: result.BroadcastTime }}. If you still want exposure to oil, Enbridge (TSX:ENB)(NYSE:ENB) is a better stock and is not directly impacted by oil prices. Have it delivered to your inbox every Friday. Can Warren Buffett’s Bet on Suncor Energy. It has increased its liquidity to $8.65 billion to withstand the crisis. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. All rights reserved. This is your chance to get in early on what could prove to be very special investment advice.

The Motley Fool recommends Dominion Energy, Inc.

While Buffett is known for his Midas touch, he is also known for some investing mistakes. The next two years look bleak for Suncor.

In 2008-2009, the banking industry was in a crisis, as banks had huge exposure to sub-prime mortgages that turned bad.
Hence, Suncor is walking in Air Canada’s footsteps. This deal looked pretty sweet to Goldman, whose shares were falling, as investors’ confidence fell off the cliff after the Lehman collapse. The Motley Fool owns shares of and recommends Enbridge. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. An increase in oil demand would boost Suncor Energy’s retail operations of gas stations and other petroleum products. His energy bet is similar to his Goldman bet. It seems like he has been waiting for the market to crash again.

Find the latest news headlines from Suncor Energy Inc. Common Stock (SU) at Nasdaq.com. For the first time, instead of buying in a market crash, he sold bank stocks and airline stocks. Get a daily rundown of the top news, stock moves and feature stories on the burgeoning marijuana sector, sent straight to your inbox. But this recovery could take almost three years as it earns a major portion of its revenue from jet fuel. Jump into the stock price rally, if any, after two years. After the pandemic, the stock dropped another 60% and is now trading at 0.75 times its sales per share.

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