The Investment Reporter, in its Jan. 29, 2016, issue, refreshes its buy of Suncor Energy Inc., recently $28.71. The Reporter said buy nine times from Jan. 18, 2000, to Oct. 16, 2015, at prices ranging from $28.50 to $68.05 (the stock split 2 for 1 in May, 2000, May, 2002, and May, 2008). Assuming a $1,000 investment for each of the nine buys, the $9,000 position is now worth $11,656. Given the continuing downturn in the oil and gas industry, the Reporter says it is more important now than ever to stick with safe, high-quality producers such as Suncor. The energy company has agreed to pay $4.2-billion to acquire Canadian Oil Sands Ltd. Suncor remains a buy for long-term share price gains as well as attractive and growing dividends.
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