RE:RE:Suncor year end Report Card / Total return of 42.85%Your right about debt. Just like in personal finances getting rid of debt is almost always good. The reason Suncor got so hammered in 2020 is because they cut the dividend due to their high debt load. That wouldn't happen now.
Looking at the positives from 2022 I give Suncor a A- for grade. A total return of 42.85% is not too shabby in the stock markets we are in. If you consider the positives Suncor actually executed quite well.
.I also thought buying more of Fort Hills was a move that got Suncor less positive bang than it should have.
The worst thing to happen to Suncor was the PeroCan non-sale because it raised hopes of a special dividend that was never gonna happen. You cannot blame Suncor management for Elliot’s dumb assumptions.