Suncor Energy Inc T.SU

Oil goes up SU goes down...

[mbuch]

Oil goes down SU goes down twice as hard as it's peers.

[thegreattimario]

Because the market believes suncor has the worst management out there. There is very little confidence that the idiots running suncor can progress to a better future for the company. I'm personally giving this stock 3 more quarters and if they haven't laid a better game come then i will sell my shares and buy a gic as i can make more money at this rate of return.

[ilvmyt5s]

Who are these people who think management is doing a bad job? they're doing an excellent job buying back their shares at half price to their peers. Might be a little present under the tree this year...that would really change things for some people who are heavily invested in SU. lol

[thegreattimario]

It's trading at the same price it was 8 years ago. So if your a longterm investor all you have to show for it is what you have earned in divys. And even that now has been slashed. Great if you got in recently on the dip but those who owned before have been given a big fu. I was hoping this thing would hit 35 so i could dump my remaining shares but i really don't think that day will ever

[Obscure1]

A chimp could make the decision to buy back shares in this market. The market doesn't reward chimps.  The market rewards creative thinking, well thought out and executed business plans, and bold decision making. SU is sticking to its five year plan to lower costs which is admirable, but the market hasn't seen anything creative or bold for a long time.

[autofocus111]

SU is no chimp. It's an 800lb gorilla trapped in the ESG cage. When the profit figures begin coming in quarter after quarter like a steamroller, some institutional firms and hedgefunds will be inexorably attracted to the SU printer spitting out cash, and bring forth the key that will unlock the cage and set it free.

[Experienced]

Perhaps The public narrative and the political push is to significantly reduce the demand for oil.  While many here, including myself, think this narrative is full of holes, to the "unwashed hordes" this is what they believe - it is their reality like it or not. So to these people, the company buying back shares so that they have a bigger percentage share of the company with the

[firstworld]

Makes no sense since they are getting BNs more welfare injection to reduce carbon emissions on the backs of 14 hr day mom and pops trying to send their kids to uni LOL.

[Experienced]

Yep The market is paying and probably overpaying for creativity and imagination.  Financial engineering  is generally boring unless you an accountant.

[bigbear4511]

Buying back shares makes the company stronger and will increase the share price over time.  Why you ask? Simple, because less shares equals less dividends to payout, resulting in cash output being decreased.  Same with paying back debt.  Less debt less cash outflow to service those debts. More money retained. If you increase dividends cash outflow increases and you have less money