RE:RE:Some of us hope admin. at SU are reading these posts!!!!!!!SU to an extent is a dividend company. They cut the dividend and borrowed money and the stock price got slaughtered because that made investors way too nervous.
Lots of reasons for the share price to continue it's upward momentum from here.
- Possible increase in dividend
- Contimued share buybacks
- Accelerated debt repayment
- new markets opening up
- crude going to all time highs due to lack of exploration since 2016
- 30 year resource and a stable outlook.(Covid is done affecting the oil market)
Between buybacks and dividends SU is returning 13 - 14% to shareholders before any stock price appreciation.
They had some bad news though they got it out of the way. Now lets hear the good news on the earnings call.