RE:RE:Q3 share buy back drought now over Yeah. Suncor will end up retiring 1/3 of its debt 2022 and probably buyback about 10% of its shares.
That is impressive.
The company just grows stronger and stronger.
Now they are set up to be consistently on the bid. The share buy backs really seem to goose the price (Q2) when they threw $2.5 billion at it. I do wonder why they didn't smooth out the process over Q2 & Q3 though.
Anyways now they are in the position of concentrating 75% of FCF towards buybacks. We may be seeing the effect of buying up to a million shares a day since October 1. The price is rising on relatively low volume days.