RE:Teal Linde expects SU to increase its dividendTha is for sharing. It's also interesting to note that premium traders are placing on WTI for September delivery over October contracts touched $1.12 a barrel on Monday. Before this, the gap between the third- and fourth-closest contracts had only traded above $1 over two periods in the past 13 years -- in 2008 and from mid-2013 to mid-2014. During both of those previous spans, oil prices were well above $100 a barrel. Futures are now trading below $75 a barrel, making the current gap all the more extraordinary. Let's hope this keeps the oil prices in an uptrend for a sufficient enough time for SU to get its fat @ss up to precovid levels
Marner16 wrote: I'm not a fan of the BNN show where fund managers answer questions from callers as everyone has an agenda.
Regardless, Teal mentioned today that he expects SU to increase the dividend although he didn't specifically say when.
Teal also mentioned that Mark Little bought half a million dollars worth of SU earlier this month.
Nobody has a crystal ball but it is nice know that Little is buying.
Here is a link to the video: https://www.bnnbloomberg.ca/video/teal-linde-discusses-suncor~2226555