Post by
Wynjoe on Jul 01, 2021 7:16am
Suncor is doomed????
Yes they are making loads of cash today, however each day some other financial institution jumps on the climate change bandwagon and starts pounding their chests to show the world how they will save our planet, boohoo.....,be that as it may,and i personally think it's mostly hogwash, i believe its working. Suncor has too many shares, and too few investors and to many Greta Thurnbergs ,and the Gretas are winning. I dont see Suncor disappearing anytime soon but I do see them languishing for a very long time. Even at double the oil price, you need many buyers to drive s/p Personally i dont see any solution,then on top of that,we have a federal goverment that is anti oilsands .You tell me the answer......
Comment by
Oldnagger on Jul 01, 2021 10:08am
True north strong and free ????
Comment by
Transat500 on Jul 01, 2021 5:10pm
Doomed??? For a strart, just triple actual dividend. Will be interesting to see reaction of the Market.
Comment by
Tommy123 on Jul 01, 2021 7:08pm
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Comment by
Transat500 on Jul 01, 2021 7:49pm
In a second move: confirm dividends will be raise minimum 8 % per year for next ten years. Just name me CEO. SP will no more be boring.
Comment by
Tommy123 on Jul 01, 2021 10:57pm
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Comment by
Chris007 on Jul 02, 2021 2:45am
A triple of the dividend, followed by 8% growth for 10 years? .84 x 3 = $2.52 2.52 x 1.0810 = $5.44 per share Indeed, probably not possible, unless oil prices stay perpetually high... If he only raised the current dividend by 8% a year for 10 years, that is very much possible. 0.84 x 1.0810 = $1.81
Comment by
Wynjoe on Jul 02, 2021 7:42am
the only other answer,(and its drastic),though drastic times calls for drastic measures,is this...We separate as western provinces,create our own country,send oil through Churchill Manitoba,or wherever we can,and do what we do best,produce oil,grow vegetables and produce some of the best beef found anywhere in the world,and say to he11 with the feds,and open the taps.
Comment by
Chris007 on Jul 02, 2021 12:11pm
You're delusional if you think that BC would go along with the WEXIT delusion...if a WEXIT does ever happen, its going to largely be a landlocked confederation of hick provinces (and I'm Albertan). Ask yourself, when the last time, an even remotely right wing government won in BC?