Why is Suncor getting Hammered?They increase their dividend 100% to $0.42 per quarter, last quarter I believe. What, the market hoping for another increase in dividend and Suncor didn't increase again so market hammering it???
Is that the reason?
CVE also already increased dividend 100% to $0.035/Q I believe. Seeing how the market treating SU.....I'm guessing CVE will increase Dividend. Anyways, 3.5 cents is a joke, IMHO.
All just my opinion/view/thinking.