Suncor Energy Inc T.SU

Q4 report Feb 3

[RagingBull3]

https://stockhouse.com/news/press-releases/2021/01/27/suncor-energy-to-release-fourth-quarter-2020-financial-results

[Mtklip]

anybody know how Suncor is buying back their shares? Is it daily?

[alwaysmoving]

We'll probably hear more about this tomorrow.  I hope they continue the trend of buying back shares rather thank increasing the dividend.  I think the share buyback is better for longs at these prices. Once we get back up to $40/share then go for the dividend hikes.  

[Mtklip]

I'd also prefer that they buy back shares, they are on a big sale and they don't have to pay the dividend on the cancelled shares.

[alwaysmoving]

Ya good point, no need to reward shareholders that are buying in at these prices with dividends.  We're all happy with the share price increase as investors realize the true value here, shares are still at a huge discount and Suncor is smart to be buying back right now.  We'll risk losing some of the institutional investors that are looking for the divy but all the better if you

[Chris007]

The biggest benefit of buybacks is that they are at the discretion of the company. Obviously there are TSX guidelines to follow with buybacks, but overall it does provide the company with more flexibility than a dividend. Once a dividend is instated or increased, the market does not take it well when there is a cut.