RE:RE:RE:RE:RE:RE:RE:RE:DividendIf Suncor buys back 7% of their shares annually for the next 30 years ( use 40 or 50 years if you want), the share count will be down to 170M shares (although with employee shares it maybe higher). But between declining production (we know what happens to oil sands costs when volume goes down), remaining debt and abandonment liabilities, the company may actually be worthless. Shareholders will have received less cash dividends than they might have and the company will not have diversified (of course most shareholders will have sold by then but others will have taken their place) as much as they could have. Thank goodness before then the BoD and CEO will have been replaced and the company will stop their buyback folly. Interestingly enough, CNQ is also doubling down on buybacks. Would be a great opportunity for Suncor to "catch up" by not doing so and investing in renewables, natural gas and buying out partners (if the rate of return easily justifies it) instead. Anyway, this is just an intellectual exercise. We all know they won't change course (this is what bad managers do - they double down on their bad decisions - instead of failing fast like good managers do) and the stock will languish relative to CVE and CNQ. GLTA.