David Sharek
David Sharek is stock portfolio manager at Shareks Stock Portfolios and the founder of The School of Hard Stocks.
Sharek's Growth Stock Portfolio has delivered its investors an average return of 18% per year since inception vs. the S&P 500's 10% during that time (2003-2020).
David's delivered five years of +40% returns in his 18 year career, including 106% during 2020.
David Sharek's book The School of Hard Stocks can be found on Amazon.com.
Suncor was $36 last December 8th. I purchased the stock for the 
SU’s one-year chart shows a stock that’s had a nice run. The chart makes SU too high to buy now as the closest support level is $35 — 26% down from here. Suncor’s P/E has recently risen from 15 to 20 so the stock’s not on sale like it was in the fourth quarter of 2010.
Profits rose 171% on a 42% gain in revenue (gains were mainly from the merger with Petro-Canada). For 2010 revenue was $33 billion up from $22 billion the year earlier. In 2008 SU did $28 billion. Profit margins last quarter were significantly higher than a year ago.Suncor continues to beat earning estimates by healthy margins. Rising oil prices should help SU continue to beat the street.
Last quarter I thought SU’s P/E would go from 15 to 20 during the next year. Well now the P/E is already at 20. Since annual estimates declined, this stock is sitting at fair value.
The ten-year shows SU was a great investment for most of the decade, but crashed hard in 2008. The most profits ever made by Suncor was $3.15 in 2008. Su is expected to make $3.70 in two years. I think SU can get over the all-time high of $74 by then. Exxon is already at all-time highs even though profits haven’t gotten there yet.
