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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Comment by silverbabyon Jul 14, 2021 11:05am
193 Views
Post# 33542198

RE:RE:RE:SU vs. CNQ

RE:RE:RE:SU vs. CNQ
liljohnnyjoke wrote: SU didn't increase dividends at Q1 when oil was breaking into the 60s, if they don't do it when oil now 75 then probably wont happen this year as you know oil almost always pulls back in the fall.
Expecting further significant divy increases from IMO and CNQ, IMO should hit 50 and CNQ should hit 60. If SU doesn't raise divy in 2 weeks when report Q2 then mass selloff and lucky to get out in low 20s.

Why would they increase the dividend when they can use the cash flow to buy CHEAP shares? Then they will be able to increase it by a larger percentage next year with less outstanding shares.
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