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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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks... see more

TSX:SU - Post Discussion

Suncor Energy Inc > Mistake not to increase divy.
View:
Post by thegreattimario on May 03, 2021 8:26pm

Mistake not to increase divy.

This sp will suffer and probably never go over 30 again. I think I'll dump my 2000 shares worst thing is i had sold all my cnq at 28 and bought su. Oh well can't win em all.
Comment by NPCexe on May 03, 2021 8:38pm
Lmao, DO YOU PEOPLE READ? They.already.said.they.wont.increase. HOW can you be surprised that a company is doing WHAT IT TOLD YOU IT'S GONNA DO!? fml...
Comment by thegreattimario on May 03, 2021 8:49pm
Doing a small  surprise increase would of shown the stock a huge confidence boost and propelled this thing well over 30. 
Comment by Cheadle12 on May 03, 2021 8:55pm
exactly and as they pay quarterly, don't even have to pay anything for 3 months yet get credit from the street.. I think their plan is to keep the stock price low as they gobble back cheap shares.
Comment by Chris007 on May 03, 2021 8:58pm
Don't know how effective such a strategy would be...buybacks for from Feb 2021 - Feb 2022 maxes out at 44,000,000 Shares outstanding at the end of Q1 is  1,506,484,194
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