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Top 10 Stock Picks of Billionaire Paul Singer. Suncor Energy (NYSE:SU) ranks #3 (see Top 5 Stock Picks of Billionaire Paul Singer).
Elliott’s Stake: $3,482,066,588
The turmoil in oil markets amid the Middle East conflict, years of underinvestment, and the removal of roughly 600–700 million barrels from global inventories has left Suncor Energy Inc New (NYSE:SU) in a strong position. Why? Because it operates one of the most reliable oil sands businesses, with proven reserves that can sustain production for more than 25 years at current levels. Its output is expected to grow steadily, unlike many global peers facing declining reserves. Suncor Energy Inc New (NYSE:SU) is also financially solid.
Suncor Energy Inc New (NYSE:SU) is returning significant cash to investors. It delivered over $5.8 billion to shareholders in 2025 through dividends and buybacks, and plans to continue repurchases at about $275 million per month. Its dividend yield is around 2.8%, and the payout is likely to increase if oil prices remain elevated.
Suncor Energy Inc New (NYSE:SU) is also expanding aggressively into the EV domain by leveraging its Petro-Canada network to build Canada’s Electric Highway, with a target of installing over 1,000 fast-chargers by late 2026 to capture the shifting consumer market.
Photo from X-Energy website
While we acknowledge the potential of SU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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