Szybunka sees room for continued growth based on Suncor’s current financial performance.
“They hit their $8bn debt target sooner than the street was anticipating, now they’re handing back 100 per cent of free cash flow to shareholders… all of this overall is just a really good print,” Szybunka said, emphasizing the positive impact of Suncor’s financial strides.
Szybunka observed an improvement in investor sentiment across the oil sector, even as news of an emissions cap for oil and gas companies surfaced.
He noted that while this news might typically have triggered investor concerns, his phone stayed quiet. “This is called an upturn,” he remarked. “We were in a downturn, we are now in an upturn.”
Despite his optimism for the sector, Szybunka pointed out that the financial outlook is stronger for large and intermediate energy companies than for some smaller players.
