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Bullboard - Stock Discussion Forum Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks... see more

TSX:SU - Post Discussion

Suncor Energy Inc > To keep yield attractive..
View:
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 Wynjoe on Mar 10, 2021 2:21pm
cutting the divy was a very prudent thing for Suncor to do at the time,but to attract funds that have to meet certain criteria,divy will be reinstated,no doubt in my mind at all,especially with oil as promising as it is today,and covid vaccine being administered.I just wish Suncor would do it now,while oil is having such a rise.COME ON WITH SOMETHING SUNCOR,GET THIS BABY AT LEAST CLOSE TO WHERE IT ...more  
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.
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