The Globe and Mail reports in its Tuesday, Oct. 8, edition that RBC Dominion Securities analyst Greg Pardy says he is "unapologetically bullish on Canada" heading into third quarter earnings season. The Globe's David Leeder writes that Mr. Pardy says in a note, "Oil price volatility is not going away, but the re-engineered model that energy producers have embraced has afforded investors with a sector that has financial resiliency and shareholder return optionality like never before." Accordingly, Mr. Pardy reaffirmed Suncor Energy is a member of RBC's "Global Energy Best Ideas" list. Suncor remains Mr. Pardy's preferred integrated company. He continues to rate Suncor "outperform," with a $64 share target. Analysts on average target the shares at $60.17. Mr. Pardy says, "We are looking forward to Suncor's third quarter conference call for an energetic update on several operating fronts." The Globe reported on Sept. 18 that Mr. Pardy continued to rate Suncor "outperform." The shares were then going for $50.36. The Globe reported on Sept. 27 that National Bank Financial analysts Travis Wood and Dan Payne rated Suncor "outperform." Suncor shares could then be had for $49.75.
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