Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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.

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Suncor Energy Inc > No divy increase

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Comment by Chris007on Jul 15, 2021 11:00am

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Post# 33549179

RE:RE:No divy increase

Well, buy backs work well enough, if they can make a signifcant dent in shares outstanding...the issue with buybacks in regard to SU, is the fact that they have approx. 1.5 billion shares outstanding...even if they max out the 44 million they are allowed to buy for the year, it doesn't move the needle all that much.

That being said, I totally agree, dividends would probably be the better way to go at this point, in terms of enhancing shareholder value, especially now that alot of investors are questioning the long term viability of the o&g sector as a whole. Dividends are definitely a more concrete form of delivering shareholder returns.

Spanito wrote: Buybacks work in USA, not in Canada. I am old and I have seen this all too well on how buybacks work in the companies interest, not the shareholders. Basically they pump the news that they are buying back shares, and pump the news with management acquiring shares to suck in retail investors. Realistically here are the two problems with this BS,

#1 - Buybacks are useless since companies like this like to do many bought fanancing practices throughout their existence. Or Private Placements. Basically they keep printing more shares to either acquire more assets or companies. So the idea of Suncor buying back 1%-2% of total shares outstanding is pathetic at best. Nevermind the true word. SCAM

#2 - Management excercising their right to acquire cheap shares throughout the existence of cheap warrants only prints more shares into the market which then later on dump off for extreme profit. More PUCK*ING bonus money for them at the expense of true shareholders.

Just thinik about this, how did we ever end up with more than 1.5 BILLION SHARES outstanding? Total Joke, considering today's ENVIROMENTALIST, SAVE THE WHALES, SAVE THE PLANET movement is scaring everyone away from the CANADIAN ENERGY SECTOR.

ENOUGH IS ENOUGH, RAISE THE DIVEND, WTI over $72 US ,, what more do they want?
When is not enough? They use to pay good diviidends in the low 50's

So WHAT THE PUCK IS GOING ON HERE

Spanito

NPCexe wrote: I know people are thirsting and hoping for that increase, but it's not gonna happen. Just more buybacks for SU till 2022... and very cheap ones to boot..