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.

TSX:SU - Post by User

Suncor Energy Inc > New Dividend Rate, 5.25%

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Comment by Power1on Oct 28, 2021 6:45pm

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Post# 34061119

RE:RE:RE:RE:New Dividend Rate, 5.25%

Agree with the calculation based on current stock price.

My dividend yield on SU shares is now 7.6% based on average share cost of $21.94. Way better than any income based investment like HISA of GIC and I'll be banking the dividends for future investment in other opportunities :). I'm not turning my nose at the share price appreciation either. Woohoo.

Congrats to those that bought during the fall out. I'm looking forward to SU inching to mid thirties. Market needs to digest the financials and look at the modeling that will in my opinion provide some more uplift on share price.

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