WTI crude oil for January delivery was gaining 0.7% to $56.30 a barrel Tuesday afternoon after hitting a five and a half year low of $53.60 a barrel earlier in the day, according to MarketWatch.
"We are starting to see a bottom here, and we are getting some value buying" oil consultant Carl Larry from Frost & Sullivan told the publication.
TheStreet Ratings team rates SUNCOR ENERGY INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate SUNCOR ENERGY INC (SU) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."