The seesaw battleI have been watching the conversation seesaw back and forth about dividends versus debt reduction versus share buybacks.
Those that have a need for dividend income clearly can't get their head around anything except the dividend. That's ok. It is a poor investement decision for those looking at the big picture, but who is to say what is right or wrong for someone else.
When the company has stated that they are going to prioritize debt repayment and share buybacks, it would be incredibly foolish to believe anything else is going to happen.
It is always a possibility that the company buys back all the shares that it can, and pays down all the debt that it can and still has enough cash left over to pay increase the dividend ahead of schedule. If that is the case, the best place to go for information would be to the company itself.
If your priority is a dividend income, get out of SU right now. Put your money into a a pipeline or a financial stock or another investment that means your objectives.
One of our thoughtful posters correctly wrote about how we are faced with a buy or hold or sell decision every day. Unless someone likes to complain simply because they are miserable, holding a stock when you hate the company makes zero sense. Holding a stock in a company wishing for a dividend increase when the company has clearly offered guidance that there wouldn't be a dividend increase makes zero sense. Believing that one can complain or write a post on Stockhouse and expect the complaint to have any impact makes zero sense.
I'm trying to wrap my head around why anyone would hold a stock and then complain endlessly about it. There are thousands of investments to choose from, so why would anyone cling to something that makes them unhappy.
Maybe people that post here think their efforts can actually make a difference in how the company is going to be run or what actions it will take. Maybe they think that their posts can actually make a difference in the share price. It is NEVER going to happen. Deal with it.
These forums can be useful if they offer up information or insignt that you might have missed on your own. Otherwise, spending any time here is a complete waste of time.