RE:RE:Share buybacks vs dividendsThe lower the share price, the more profitable the share buybacks. FCF per share will rise even more. That is precisely what investors want. Suncor with its upgraded Oil sands business is basically a cash gererating machine. That is its core business. Everything else needs to pay its own way and needs to produce a full cycle return greater than share buybacks before getting replacement capital.
Eventually the market will need to put a value on SU commensurate with its cash flow. Otherwise , the last shareholder takes all ( Oldnagger hopefully!!)`