To put it into perspectiveThe following is from Mark Little's 2nd turn at the microphone during the Q3 conference call:
"To put this into perspective, Suncor today is on track to deliver similar debt levels and a lower number of outstanding shares than it had in 2015. However, with 35% higher production, a resilient downstream and a lower breakeven."
Note: the share price was about $36 in 2015
It looks like 2022 FFO should be about $11 billion vs $6.8 billion for 2015, a 70% increase
In light of the ESG movement, I don't see w8asec's prediction of $60 per share happening, but if SU smashes out the next couple of quarters and oil prices hold, it is not much of a stretch to envision that SU's yield would gravitate towards CNQ's yield of 3.5% which would suggest a share price of $48. My kids would love that.