Suncor Energy Inc. T.SU

Oil anywhere near $55.00 is a dream

[Wynjoe]

compared to Nov.and Dec. Scenarios,oil prices today are a dream come true for companies like Suncor,and better things lie around the corner.The economy is only starting to warm up,get ready for a summer,witnessing a pent up spending spree,from a couped up quarantined population!!!Strong Buy!!!

[Marner16]

Wynjoe: As someone who holds SU as a core position, I appreciate your boundless enthusiasm for the company. I agree with you that the upside looks/feels like we could see the SU share price back over $40. At the same time, SU had a bad year in 2020, and I'm not just talking about the pandemic. Little and his team disappointed shareholders in a number of ways.  Slashing the dividend

[Wynjoe]

Marner16,i agree,i do hype Suncor more then i probably should,however,they are saving cash through the dividend reduction,and becoming the prinicipal operator of Syncrude,they are saving vast amounts of cash in administrative savings.They also sell their product at the pump,at a retail level,and they are investing in renewables for diversification.With Suncor able to increase production at anytime

[PabloLafortune]

Suncor's investor base is/was dividend investors. If they don't restore the dividend to what it was pre-pandemic now that WTI is 50%? higher than the level at which Suncor can afford it, then they're literally be biting the hand that feeds them. The CFO said the priority is 2/3 reduce debt and 1/3 buyback shares.  IMO the priorities - assuming $60 WTI in 2021 and $35 break-even

[NPCexe]

As much as I hate it, I think they have to restore the div along with a show of strong earnings before any funds jump back in here.

[Tommy123]

This post has been removed in accordance with Community Policy

[Wynjoe]

i have said that here before tommy,i to believe Suncor might make a purchase.Cenovus maybe?Total Syncrude assets?The west rose project,(they already own a good chunk of it)?I think it will be in Canadian jurisdiction,but who really knows?Everything is reasonably priced now,so i dont see anything that could or would be considered spectacular.My best bet would be West White Rose?Anyone else venture

[PabloLafortune]

Buying out one or more of the oil sands partners is the only good reason not to fully restore the dividend. West White ______ wouldn't be an acquisition, more like you don't want it but you're getting it.

[Wynjoe]

west white rose would be an acquisition,Suncor only own 26 per cent of that project now.If they buy 25 per cent from Cenovus,they would be in control,(with 51 per cent),of a carbon friendly oil project,that would enhance Suncors decarbonization portfolio.I think it would be a great purchase for Suncor,they have already written off 425 million because of west white.The project only need another

[firstworld]

In fact the govt via proxy owns 80% +/- of SU. The tailing clean up liabilities are bigger than the corp cash worth. Invest in this if you love blood equities hahaha....it's no better than a backwater Nigerian delta oil operation.

[OILSPECTATOR]

I am expecting EPS to top $1.40 and and see the stock move past $29.55 on earnings anticipation before month end.  Tomorrow's close will be quite telling!  A pivotal moment is upon SU.  M/A? The time for M/A is past.  More likely more of the same sound fiscal policy; buybacks, debt reduction and infrastructure improvements. Posted in my opinion only.

[oilypants]

good hype dont stop