RE:RE:RE:RE:Oil goes up SU goes down...Buying back shares makes the company stronger and will increase the share price over time. Why you ask? Simple, because less shares equals less dividends to payout, resulting in cash output being decreased. Same with paying back debt. Less debt less cash outflow to service those debts. More money retained. If you increase dividends cash outflow increases and you have less money to pay down debt. I know, I thow, this is a rocket science discussion here that chimps would not understand. Now we could increase dividend and increase the cash outflow like other companies which MIGHT make the stock go up or it might now. If oil companies are worried about their future endevors with EVs coming on board, well maybe having less shares and less debt is a good thing then handing the money away. Management owns a ton of shares and increasing the dividend would line their pockets for sure. i have seen lots of CEOs and CFOs of companies do this but this one doesn't at least not yet. They are buying back shares at record rates. 80 million projected for the year compared to CNQs projected 10 million. I am sitting and holding and collecting my 5.3% in a tax free savings account because i got in at $16. Anyone who complains is so underwater and have been like this for a while. If you truely had no faith in management you would sell and move on. But like a chimp you don't. They are not going to change management. Its not going to happen. You all know this. But your only saving grace is to complain on this board about it every week. See you chimps next week. Such a sad reality for you guys.
Obscure1 wrote: A chimp could make the decision to buy back shares in this market.
The market doesn't reward chimps. The market rewards creative thinking, well thought out and executed business plans, and bold decision making.
SU is sticking to its five year plan to lower costs which is admirable, but the market hasn't seen anything creative or bold for a long time.
o.