Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.

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Suncor Energy Inc > Div increase announced

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Comment by w8asecon May 09, 2022 11:21pm

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Post# 34669324

RE:RE:RE:RE:Div increase announced

two reasons - Company promised to divide equally excess cash into 1/3 share buy back 1/3 debt and 1/3 divy increases...12% isn't 1/3rd...and the main reason;

Most peers divy are double pre covid, and have been for a while.

Minimum increase should have been 30%, and 50% would have been 1/2 their peers...

We've been in the doghouse for too long...a decent divy would have vaulted the shareprice closer to peers post covid increases....

Those of us that have been with this stock for over a year have lost quite a bit when compared to peers