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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 highalpha1on Jul 22, 2021 2:55pm
131 Views
Post# 33591013

RE:RE:RE:RE:Management decisions

RE:RE:RE:RE:Management decisions@angelnicky: I appreciate your predicament. However, you do realize that there are other dividend paying companies (with relatively high yields) than investing in SU. SU is in the energy sector (the most volatiale sector on the TSX. If you're looking for steady dividend income, I would suggest thinking about a telco company (e.g., BCE or T) or a midstream energy company (e.g., TC or ENB). Most of those investing in SU (myself included) are primarily looking for capital appreciation rather than dividend income. 

Moreover, SU management has already laid out its gameplan. A dividend increase is not on the immediate horizon. It will begin hiking dividends in 2022 and even when it does, it will raise the dividend 25% per year. Therefore, to get back to the payout levels when the dividend was cut in early 2020, will take 5 years from now (i.e., 2025). 

If you're invested in SU you're relying on debt repayment and share buybacks (and the existing dividend) for your ROE.

angelnicky wrote: i do not sell shares
i relied on div , my pension
it was taken away 



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