RE:RE:RE:Divy yield keeps rising, back to 3%
liljohnnyjoke wrote: This is the ONLY oil company I know of that couldn't recover to prepandemic levels, and by a long shot, at $30sp they needed to move up another 40% to get there, and oil was $55 prepandemic, now $75.
And others like IMO manage to pay down debt, buy back shares AND raise dividend.
It can only be a management thing and that probably drove Buffet and KSA out. They wouldn't have bailed in $20s if they thought SU was going to $45 like CNQ .
Suncor looks like a golden egg still compared to companies such as crescent point and baytex. Those 2 companies have been an imbarrasment compared to most all others. Although I do agree Suncor is being held down severely and it's not retailers selling at these prices. It's just a game being played by big players to accumulate shares. It'll eventually go back up. Stocks are like a pendulum, and if they didn't fluctuate no one would make any money.