RE:RE:RE:SU vs. CNQliljohnnyjoke 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.