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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 > Ex Divy June 3
View:
Post by liljohnnyjoke on May 28, 2021 6:39am

Ex Divy June 3

There are probably a bunch of institutional investors with millions of shares who want to collect this last divy before getting a big short position and then unloading their positions at market. Money likely to move to CNQ IMO CVE MEG etc if bullish on oil
Comment by Fishermen on May 28, 2021 7:10am
These big institutions will come back before SU starting to raise its dividend. It just hurts my feelings that CNQ, or IMO shareholders can relax and collecting dividends with 40 price tag, but SU suffers selling pressure in 20s .
Comment by Wynjoe on May 28, 2021 8:24am
Fisherman,we are facing sellin pressure because Suncor is trying to reinvent itself. They are pumping our dividend dollars and earnings into projects that are detrimental to oils survival. We are a major oilsands developer, not a green energy entity. We could have decades of profits being who we are,but no,lets build wind farms.Wow??By the time oil is no longer needed ,our billions of barrels will ...more