Suncor Energy is a super investment opportunity
While Suncor Energy (NYSE:SU) has been a good performer, and has tons of potential to soar, that has increased even more as the company has returned to full production after a fire slowed things down a couple of months ago at its Fort McMurray, Alberta facility at the Canadian oil sands.
Suncor has just about everything going for it to be a great stock to own and hold for years, as in fourth quarter of 2009 they produced 278,000 barrels of oil a day at a cost of $38.70 a barrel, down from costs of $41.30 a barrel in 2008.
Taking into account estimated earnings for 2011, the company is trading at about 11 times earnings, with huge upside potential.
With operational costs down and oil prices up, Suncor is poised to create a lot of wealth for investors.
Suncor has recently shut some of its processing units at the Edmonton, Alberta refinery for maintenance.
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