Bullboard - Stock Discussion Forum Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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

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TSX:SU - Post Discussion

Suncor Energy Inc > No divy increase

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Post by NPCexe on Jul 15, 2021 9:34am

No divy increase

I know people are thirsting and hoping for that increase, but it's not gonna happen. Just more buybacks for SU till 2022... and very cheap ones to boot..

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Comment by angelnicky on Jul 15, 2021 10:10am

ceo should wake up or be relieve on duties

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Comment by Spanito on Jul 15, 2021 10:52am

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Comment by Chris007 on Jul 15, 2021 11:00am

Well, buy backs work well enough, if they can make a signifcant dent in shares outstanding...the issue with buybacks in regard to SU, is the fact that they have approx. 1.5 billion shares outstanding...even if they max out the 44 million they are allowed to buy for the year, it doesn't move the needle all that much. That being said, I totally agree, dividends would probably be the better way ...more

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Comment by liljohnnyjoke on Jul 15, 2021 1:08pm

The 44M shares will be bought back between $26-31 but when no divy increases come with these high oil prices share price will fall back to $15-20 and they will be already finished with the buyback alloted monies That means all of the extra cash mountain they are accumulating will go towards record shattering management year end bonuses

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