RE:Suncor is doomed????There probably is no answer...and its largely out of the hands of the company
That being said, the company can reward existing shareholders by paying out a larger portion of FCF through increased dividends and maximizing buybacks.
I'm not at all convinced that the planned large scale investments in renewables will do much to convince shareholders to come back. Most institutions that are serious about ESG will likely just see it as green washing...companies like BP and RDS have been trying this strategy for years and it hasn't really helped them much in terms of institutional investors divesting their holdings in those companies.
Wynjoe wrote:
Yes they are making loads of cash today, however each day some other financial institution jumps on the climate change bandwagon and starts pounding their chests to show the world how they will save our planet, boohoo.....,be that as it may,and i personally think it's mostly hogwash, i believe its working. Suncor has too many shares, and too few investors and to many Greta Thurnbergs ,and the Gretas are winning. I dont see Suncor disappearing anytime soon but I do see them languishing for a very long time. Even at double the oil price, you need many buyers to drive s/p Personally i dont see any solution,then on top of that,we have a federal goverment that is anti oilsands .You tell me the answer......