Suncor added to US Conviction List at Goldman Sachs

Goldman Sachs analysts added Suncor (SU) to the firm’s US Conviction List as part of its monthly update. Goldman has a Buy rating on the shares with a $45 price target It says Suncor’s Canadian oil sands assets have a long life with a low decline rate, which should drive sustained strong free cash flow generation and enable a positive inflection in capital returns.