Post by
Dogsbreakfast4U on Apr 30, 2021 8:52am
IMO Earnings Today
They increased their dividend by almost 23% (from 22 to 27 cents a share) and share repurchase program. Is this a preview of what could happen with CVE? Let's hope so.
Comment by
Eigen337 on Apr 30, 2021 9:04am
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Comment by
oilandgasmick on Apr 30, 2021 10:34am
SU announces their results on Monday so it will be interesting to see what they have planned in terms of dividends/debt reduction/buybacks but of course they are in better shape than CVE. I expect that SU will be very conservative in terms of cash flowing out and it won't be much different with CVE.
Comment by
SHayden on Apr 30, 2021 2:51pm
I am doubtful they would do it this soon, they are set up to make some big cash flow which can dramatically reduce the debt. Once that has been knocked down and they have sorted out what's for sale then I suspect we will see those actions, but I figured 2 years before any meaningful changes to dividend.