RE:RE:RE:RE:RE:I don't understand why anyone would invest in Suncor nowTo add to cashtango00 remarks, there is also more upside perception now on energy stocks (especially the ones with deep reserves) as many learned from the past that an increase to price of oil., didn't do much for their stock prices. The extra profits were plowed back into higher Capex to keep increasing production, only to have a hard time renewing their debt loads. The bankers were not giving their operations much credit for the increased production.
If anything, many were penalized for piling on more debt (especially midcaps) with higher spreads on the loan renewals. Investors happier with this strategy of maintaining production levels while prioritizing repayment of debt to a comfort level where they are allocating more of the free cash flow back to shareholders. Many announce the precise % of the free cash flow that they intend to return. Better than giving more $ to management bonuses.