RE:RE:Which direction is the CAD$ going?
Obscure1 wrote: "Every three months we shareholders own more of the company (buybacks) and also get a divy."
And every three months, Suncor moves closer to being completely irrelevant to the investment world.
SU's land locked assets are subject to the whims of politicians in Canada, the USA, and for that matter pretty much the entire world.
The world has spoken and gas powered automobiles are rapidly heading towards extinction and all future growth requirements for energy for the grid will be supplied by renewables/battery storage.
Unfortunately for Suncor's shareholders, Suncor continues to double down on being the leader in the integration of the gasoline industry, an industry that will be losing customers at an exponential rate in the coming years.
I hope the divi's are worth it. If SU can keep paying $2 divi's every year for the next 20 years, SU shareholders should be able to break even by the time the SU shares cease trading. By that time, SU will have bought back a lot of shares but who is going to buy them when you finally realize that that 100% of nothing is nothing.
Nobody here is listening and nobody is looking down the road as is seems like SU investors can't see beyond the divi. All the "growing demand" and "lack of investment" and "draw down" dreams of making you rich is not happening. If SU somehow catches a shooting rocket, PLEASE use the opportunity to find a better investment.
Late in replying here, being busy cleaning up.
your quote
The world has spoken and gas powered automobiles are rapidly heading towards extinction and all future growth requirements for energy for the grid will be supplied by renewables/battery storage. Can you provide some current statistic on this? last check, SU doesn't sell car or truck. Also, most of the grid power is generated by coal, SU doesn't sell coal either. I have to assume you meant petro sales. Yes petro sales have dropped when compared to pre covid pandemic level and hasn't recovered fully to prior sale volumes. I think that's largely due to people wanting to work at home. It would be great if you can provide statistic tying petro sales drop to EV sales. I have doubt about your above claim because sales of used cars in the 3-8k range is very brisk. People are keeping their ICE cars for longer, fixing them up rather shelling out insane prices for low supply new ICE cars.
latest data i can find goes up to 2021 Sales of fuel used for road motor vehicles, annual (statcan.gc.ca)