RE:RE:RE:Why hasn’t it rallied already lol...no one is arguing that the divy cut was a prudent move. However, there seems to be a lot of anxiety on this board regarding SU's underperformance vs. peers. Its worth exploring possible reasons for said underperformance.
I definitely believe that at current oil prices, the stock is undervalued. That being said, the real question is, for how long will it stay undervalued? There very much is an opportunity cost to having your money parked in an underperforming stock, while other parts of the market are ripping higher.
Mtklip wrote:
the divvy cut is going to help by reducing share count and debt and stronger opportunity for reinvestment in ESG. Suncor has enough oil, they can improve their image and balance sheet. Have patience.