Post by
Wynjoe on Mar 10, 2021 1:50pm
To keep yield attractive..
dividend must be increased.Plenty of cash to go around especially if oul stay above $52.00,let alone $62.00.Higher dividend will attracy bigger funds.We have not seen Suncor spike yet,lol.Come on with it!!!
Comment by
Plus50 on Mar 10, 2021 2:11pm
As we speak the yield for SU is 3.04 , IMO is 2.83 and CNQ is 4.87. For whatever reason IMO has moved up nicely even with the lower yield more so than SU. Now CNQ has also moved up well and is back to prepandemic values. So why is SU holding back. Is it because they cut the divy or is it considered dirty oil or what. If oil stays here it will move up just when. JMHO
Comment by
Mtklip on Mar 10, 2021 6:28pm
forget about the dividend at least this year. It's better to pay down debt and buy back shares.
Comment by
NPCexe on Mar 10, 2021 8:51pm
That way we can keep loading on cheap shares! And when you got what you needed, THEN they can double the div... hah
Comment by
Bigbear7405 on Mar 11, 2021 10:35am
I agree. They have way to many shares. They shoud try to get under a billion.
Comment by
PabloLafortune on Mar 12, 2021 11:35am
Because the street has a bee in its bonnet with regards to Suncor's debt, bringing it down has to be the focus in 2021.