RE:RE:RE:RE:New NCIB to be announced?@PabloLafortune: Fair enough. My point is simply that everyday you hold on to a stock is equivalent to you re-purchasing that stock at that day's price. If you want a higher dividend paying stock in the O&G sector, then the obvious (Canadian) name is CNQ. If you simply want a high yield with relatively stable share price, then, it's best to look at the utlities, telcos, or midstream energy copanies.
I think that SU management is a bit too conservative. I think that they can increase their dividend now. If management wants to mitigate risk, they can institute a variable dividend so that the dividend during any quarter would be dependend on the company's financials (i.e., the dividend would have a fixed payout ratio). Like others, I don't think we will hear about a dividend increase this week, but I am hoping management provides some guidance as to when such an increase might be coming.
PabloLafortune wrote: Obviously the stock is cheap but ask any pre pandemic SU retail investor and im willing to bet most hate this investment and are just hoping to get back to break even or small loss before dumping it. Why? Because on top of investors' paper loss, to add insult to injury mgmt cut the dividend (due to wasting money on buybacks instead of paying down debt) and didnt restore it. Meanwhile continuing to waste money buying back shares over and over expecting different results... The irony in all this is suncor with its retail footprint doesn't care about its retail investors. You cant make this stuff up.