RE:Rather Amazing...They need to keep buying back shares. Too many in cirulation. They are super cheap and worth buying back as you save 5.5%. Might be their most expensive debt. If they really want to stablilize the share price do a dividend every month.
Wynjoe wrote: I find it incredible that a company paying nearly a five and a half per cent dividend, (this month,)with a strong potential of an ever increasing s/p,would be actually going lower. Suncor is in a much better position now than pre covid and we all know governments cant shut down this world again. We will just have to live with Omicron and any other strain of covid .Oil is essential to the well being of this planet at this stage in our existence and whether you want fossil fuels or not you certainly will have to learn to live with it,(at least for decades to come).Suncor will prove to be a valuable asset for Canada going forward. Strong Buy.