Suncor Energy Inc. T.SU

A lot of positives for SU this past quarter

[Clemxb7]

• Crack Spreads were up by almost 3x Q1/Q4.
• WTI averaged $58/barrel Q1 (same as 2019) (WTI averaged just under $40 Q4)
• WCS was also up roughly the same in % terms over q4 2020.
• WTI is currently $63.63 (Q2) 10% higher than Q1 
• Improving exchange rates on US debt
• no long term outages

I certainly can understand SU's focus on buying back shares sub $25 (CAD) it's quite a bit of bang for your buck. However when guidance said they would favour buybacks and debt retirement over dividend increases I doubt management foresaw such huge increases in revenues in just 1 quarter.

The thing that will really improve the stock price IMO is a divy increase. I do believe management will throw investors a bone here because frankly they can do all 3: buyback shares, retire debt and increase the dividend.

All three are positives for investors though most investors focus in on yield and management knows that. There are a lot of loyal pension funds etc. who need some positive news regarding their faith in SU.  I think management will oblige and we will see a higher than current yield .Also the overall macro picture for the future is much improved (Vaccines) over the last few months which should give management some confidence they didn’t have a few months ago

[OILSPECTATOR]

Going to blow past $29.55!

[Fishermen]

I ve been holding su for more than a year. Crazy ups and downs, like a roller-coaster.

[prophetoffacts]

This post has been removed in accordance with Community Policy