Too many shares,too few buyers...
Suncor squandered to much money in the past,hence the huge number of shares."Tar"sands is out of favour,and more investors daily, are searching for more environmentally sound investments.With piles of cash needed to start terra nova once more,and putting money into green energy projects,Suncor may be buying back shares now,but very soon they will be at the trough looking for buckets of funding.They squashed dividend because of covid,and continue to put shareholders money into these future "greener"projects instead of paying back shareholders.Suncor is a sell,and the proof lie in s/p performance.Bigger companies then this have went bankrupt,and the gretas of this world are relentless,and financial and investment institutions DO NOT want "Tarsands"on its books!!!Suncor has become a daytraders dream,instead of a longterm investment,SELL WHILE YOU CAN,TOUGH TIMES ARE COMING FOR SUNCOR LONGHOLDING INVESTORS!!!!