RE:RE:RE:Great 3rd Quarter Results - up >$1 in AMPabloLafortune wrote: Very good results however, the BoD continues to be obsessed with buybacks. Everyone - IMO, CVE, TOU, CNQ to name a few - has announced a dividend increase except the __________ in the Suncor ivory tower.
Well I am hearing the Canadian gov't is floating the idea of taxing share buybacks , in the past few years Suncor has retired over 300M shares so (18% of the float) . Whether the libtards pass this business restriction or not will dictate further shareholder returns , maybe with more focus on dividends .
I am interested to see if any mention of the dividend occurs at the meeting this morning , HO doesn't seem to want to take credit for a great quarter instead trying to fly under the radar . If this was a tech company people would be cheering but energy profits need to be hidden , what a messed up country .