Suncor’s Viable Reserves Make It A Top Oil Pick For Next Decade

 October 9, 2019 - 2:03 PM EDT
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Suncor's Viable Reserves Make It A Top Oil Pick For Next Decade

For the past few years, analysts stopped looking at oil reserves with great interest when evaluating oil & gas companies. The dominant paradigm within society became that soon the world will stop using oil, leaving reserves trapped in the ground. Therefore, reserve value and reserve life became issues of minor interest. Suncor (SU) stock, with its main appeal being the fact that it is sitting on a reserves/production ratio, which is enviable among oil majors, lost most of its appeal, given expectations that, in the not too distant future, we will all drive EVs, leaving

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Source: SeekingAlpha (October 9, 2019 - 2:03 PM EDT)

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