Suncor Energy Inc T.SU

Teal Linde expects SU to increase its dividend

[Marner16]

I'm not a fan of the BNN show where fund managers answer questions from callers as everyone has an agenda.

Regardless, Teal mentioned today that he expects SU to increase the dividend although he didn't specifically say when.

Teal also mentioned that Mark Little bought half a million dollars worth of SU earlier this month. 

Nobody has a crystal ball but it is nice know that Little is buying.

Here is a link to the video:  https://www.bnnbloomberg.ca/video/teal-linde-discusses-suncor~2226555

[Oldnagger]

I decided to get back into SU based on my guess that the downstream will soon improve. Living in a place where I had to exit onto a very busy street , I had come to appreciate during the pandemic how easy life had become in that regard.  That is no longer the case, which serves as a simple investment reminder of what to do now !!

[Marner16]

Oldnagger:  Good point.  Sometimes the simplest observation is more valuable than the best analysis

[NPCexe]

Tha is for sharing. It's also interesting to note that premium traders are placing on WTI for September delivery over October contracts touched $1.12 a barrel on Monday. Before this, the gap between the third- and fourth-closest contracts had only traded above $1 over two periods in the past 13 years -- in 2008 and from mid-2013 to mid-2014. During both of those previous spans, oil prices were

[liljohnnyjoke]

I hope they don't have to raise the dividend less than expected or not at all when they announce   Q2 results because they now have to shell out extra hundreds of $millions to Terra Nova

[Marner16]

liljj:  SU is currently creating about a billion dollars per month of free cash flow (after paying for CAPEX and the dividend).  A further investment in Terra Nova will only require a few days of cash flow from operations. SU may have already bought its entire allotment of 44 mm shares (or will likely be very close to it by the end of June) under the existing NCIB.  Unless SU

[Fishermen]

Traffic is crazy in the streets. It is like Covid already gone.

[firstworld]

Just a bunch of broke fat welfare funded Candians driving around looking for up sized cheap clothes. Certainly not working or looking for work hahaha.

[firstworld]

Great news they can return the BNs in welfare received clean up the tailings toxic ocean and fund Alberta health care who with a $20BN year system still can't afford more than 250 ICU beds for fat, sick covid sufferers. This co is virtually nationalized anyway -let them pay hahaha. I can tell you the workers look very poor and like one of these Qatar slave labour camps down town lol