Topic: Dividend Stocks

SUNCOR ENERGY INC. $34 – Toronto symbol SU

SUNCOR ENERGY INC. $34 (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.6 billion; Market cap: $54.4 billion; Price-to-sales ratio: 1.3; Dividend yield: 1.3%; TSINetwork Rating: Average; www.suncor.com) produced an average of 361,000 barrels of oil per day at its oil-sands projects in February 2012. That’s up 1.7% from 355,000 barrels in January 2012.

Suncor aims to expand its oil-sands production by 10% a year. That will help it reach its goal of producing over 1 million barrels (including conventional oil and natural gas) per day by 2020.

Suncor is a buy.

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