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Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Issue 24 – The Puzzling Canadian Oil and Gas Market
It seems like all the money is pilling into one name and ignoring the rest of the market. Suncor Energy Inc (TSX: SU) appears to be the flavour of the quarter. this attraction to SU, however, has pushed its valuation well above that of its peers. Palos believes there are good reasons why SU is attracting investors money. It is fully integrated, well positioned to get best price for its commodity, and has exposure to the refinery business. However, SU’s multiple in comparison to the larger cap producers is getting rich, especially when you compare it to its smaller brother Canadian Natural Resources (TSX: CNQ).
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