Comment by
Shylock40 on Jul 28, 2021 8:10pm
Not sure the US after-hours market agrees with that assessment ($21 +0.49 (+2.39%) as of 8 p.m.), results are pretty darn good... Managemnent is playing the long game, you want short term div., go invest in the pipes (i.e. PPL).
Comment by
PabloLafortune on Jul 28, 2021 9:33pm
If Suncor pays out dividends instead of buybacks in Q2, thats a 63 cent quarterly dividend or $2.51 annual. 9.8%. Does anyone seriously believe the stock would be $25.68 under that alternative use of funds? Absolutely not - more like $35.68 (7%). Or more. And to quote John Maynard Keynes, in the long run we're all dead.
Comment by
Tommy123 on Jul 28, 2021 10:05pm
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Comment by
PabloLafortune on Jul 28, 2021 8:24pm
They don't respect retail investors. Heck, they don't even respect gas buyers - Chevron, Journie and CIBC is a way better deal (8-11 cents off+ goodies) than Petro and RBC (3cents). Buffett of course figured this out and quickly bailed. They dont have their eyes on the prize. We will get pummeled tomorrow.