RE:RE:RE:RE:RE:I wonder if CNQ could take over SU
w8asec wrote: YES - A one time special Divy is allowed/possible, and would be a great move on the BOD's part.
...and this would be ideal timing coinciding with year end... that way it's a one time payment and not an increase affecting the future payouts which are already high enough at 4.65%.
Shorts hate that move.
I don't understand why many people are so critical of Suncor's decision to cut dividend when oil plunged into the dumpster and cutting the dividend was so important to the company's survival. Unless people expected management to draw from credit to continue keeping the same payment. Dividends should only be paid when we can afford to.
Seeing how punitive it is to share price when a dividend cut is announced, I prefer to have the cash accumulated and pay a special dividend rather than a dividend increase. That way, we can pay extra whenever we can afford to and won't have to scale back in times when the same dividend payout ratio is not warranted.
China's economic growth for 2021 is (gasp!) only...8.1%; that fell short of their expectations by 4%. This is during a once-in-several-generation pandemic. They're planning to ramp up economic activities big time. The problem is still the supply of oil. Listening to them quarrel makes my head spin. Rumor has it that they might release some from the SPR, but knowing the Chinese too well ;-) it ain't gonna happen i.e they're hoarders.
Aside from personal gain, I'm happy to see our oil and gas industry alive and thriving. God bless Alberta and God bless Canada!
If I have to venture a guess, I'd say SU will trade 8.88% higher at the close of the day the Earnings is released compared to the previous day. Anybody wanna bet?