Share buyback increased by 57%Once again, SU mngt are doing exactly what they said and promissed to shareholders.
In April, they bought back 3,793,500 shares(172,432 / day) on the TSX
In May they started to increase their buying.In total in May, they bought back
5,968,150 shares(271,280 / day).
At the end of May they were days of 330,000,400,000 and one day of 450,000.
June should be a good month of share being retired.
That's an increase of 57% from april to May.
SU new mngt are working on all front(cost reduction while returning more $ to shareholders).
They told us in the last CC. that with the share count reduction, we should see
by year end a 3 to 5% increase in the dividend.That will bring the dividend from $2.18 to $2.25-$2.29.
Staying long