RE:$0 DebtYes paying down debt as interest rates are scheduled to rise is a very good thing. So the stocks are down a bit. This presents another opportunity to buy back shares saving 5% or so payout that can be reinvested into more debt repayment.
555rookie555 wrote:
$0 debt with minimal growth might not make the street happy but it would make it feasible to receive a 10% plus dividend at current SP while keeping all other costs the same. Suncor oil sands assets are long term and could chug along for $30+ years... Pretty nice train ride into a beautiful sunset. Another scenario could be a major acquisition or expansion plan of existing reserves. If they look to acquire another company I would honestly prefer if it was in American shale or perhaps offshore outside the reach of Canadian regulation and pipeline constraints... And if this was the strategy then I'm glad their bringing debt down now to prepare for higher interest rates coming. Just a few thoughts from a rookie investor.