Post by
winafew on Jun 08, 2021 5:40pm
share buybacks
It looks like Suncor is continuing their share buy back. Since Apr 21 they've bought back about 10 million shares. At least that what I think they are doing... the sales don't show up as NCIB, they show up like this?
May 28/21Suncor Energy Inc.Direct OwnershipSale under company plan Common Shares0.00-358,100-100.0%0
May 28/21Suncor Energy Inc.Direct OwnershipBuy under company planCommon SharesUSD 23.12358,100> 100%358,100
I'm a big fan of the buybacks, the shares seems undervalued at this level, so they are a great investment for the company.
Also been a little insider buying : )
Jun 1/21Little, Mark StephenDirect OwnershipPublic market buyCommon Shares28.9817,25029.1%76,505
Jun 1/21Smith, Kristopher PeterDirect OwnershipPublic market buyCommon Shares29.028,90041.2%30,482
Comment by
liljohnnyjoke on Jun 09, 2021 10:04am
complete waste of money that could be used to increase dividends CNQ moving towards $50/sh. IMO $45/sh, SU fighting to hold $30 with $70 oil, still @ 40% below pre pandemic levels, everyone else at multi year highs
Comment by
thegreattimario on Jun 09, 2021 10:38am
I agree share buybacks and not divy restoration has been bad for the shareholders. If we restored the divy we would probably becat 40 a share. This company is criminal. I guess thats why buffet bailed.
Comment by
Bigbear7405 on Jun 09, 2021 12:16pm
Its not a complete waste if money. they more shares they buyback the less money they will pay when they do reinstate the dividend. . They have 1.5 billion shares out there. They should have no more than a billion. Feel free to sell out and go somewhere else.
Comment by
thegreattimario on Jun 09, 2021 12:21pm
Your shares not being worth 10 bucks more a share plus a higher divy for those shares is a waste. Ya okay makes sense.lol
Comment by
thegreattimario on Jun 09, 2021 12:25pm
Every company that held or partially reinstaed their divy is almost at or past pre pandemic prices so don't kid yourself su screwed us shareholders.
Comment by
Bigbear7405 on Jun 09, 2021 5:17pm
No reason to believe reinstating the dividend will make it shoot to 40. i bought in at 16 and 22 so i am a happy shareholder. It will get.to 40.
Comment by
PabloLafortune on Jun 09, 2021 2:46pm
Suncor doesn't seem to care much for the average joe investor (or employee for that matter).