RE:RE:RE:RE:RE:Is Suncor trying to be something it is not...There are other companies like CNQ that can manage both investor returns and the positioning for the future, without sacrificing one or the other. OVV, BTE, CNQ, there are plenty such examples. As much as I agree that div reinstatement isn't necessary right now, I am growing more partial to the idea when I see mgmt decisions resulting in nothing but people dumping the stock. One can defend SU all they want, but the fact of the matter is that the stock has severely underperformed, and it is time for management to be cognizant of this. Clearly every other company has their ducks in a row and shareholders have been handsomely rewarded.
Fishermen wrote:
SU management is doing the right thing to make sure their company can survive in the future. It just hurts investors portfolios who are really only demanding for near-term handsome returns. Oil companies will have to cut down their carbon emissions, the governments will make law to ensure they make it happen. https://amp.theguardian.com/environment/2021/may/27/cataclysmic-day-for-oil-companies-sparks-climate-hope