RE:SU Q3 Report Before Market Opens Nov. 9Good morning Integrity,
"I hope we see increased earning per share, increased production and maybe even a dividend increase."
For me, it is a given that SU will post much better results in Q3 vs Q2
As for the dividend, i was wrong in Q2 expecting a bump to 55 cents.
I will pass on any prediction for this quarter but an increase to 55 cents
would be nice
In any event, the excess free cash flow will go either to us via more
dividend,share buyback or debt reduction.
So far, we have seen timid share repurchases.
Did they keep more cash for the FH purchase or are they looking
at Irving or another acquisition?
Who knows?
Su is trading at a good discount vs many of it's peers.Some will again
argue that it is warranted.I disagree
So far Rick Kruger seem to be doing a good job.
i like the labour reduction.Su will be leaner going forward.
I emailed IR as to the start of the conversion of the CDN Tire gas stations to Petro Canada.I was told that it would start in 2024.
So this will be an added kicker for 2024 earnings
Staying long and waiting for a better entry point to complete my
position in SU
Take care