Suncor Energy Inc T.SU

$35-37 Today

[Experienced]

What are you guys putting in your coffee!!!!

1....when they cut the dividend the price change was less than $2 the next day

2....oil price is down over a per cent

3...more importantly - SU mgt totally blindsided The Street with the doubling of the dividend. This is never a good thing

4.....with the dividend increase costing about a billion dollars a year mgt has basically confirmed that they have no plan to grow the company especially in areas outside of oil.

[Chefboy69]

LOL now i see what the last post was about... better cover your short.. explain how doubling the divi is bad? then LEAVE

[Chad123]

And that's a good thing.....

[Experienced]

Well I guess it depends on your perspective. I agree with and you and have posted many times that I believe that those writing the eulogy for oil are decades premature.   That said it depends on what type of investor you are.  Many people look at investing as a combination of dividends plus growth in the SP (ie total return).  To maximize total return one needs to invest in a

[Paray99]

 WTF growth are you expecting from any oil companies now. It is all about milking it now and leave the basket before another hit! Don't compare it with tech or crypto companies!

[whodathunkit]

The market also likes a strong balance sheet and that is what they are going to focus on.  As to your comment they are no longer a growth company, I beg to differ.  They are planning on spending $4.7 billion next year in cap ex.  They'll get growth out of that.  If they keep increasing the dividend the share price will react to that as well. Cheers.

[jx7000]

Pretty flimsy correlation. Are you on their BoD? This is not some funny-money start-up. Staying profitable for awhile is good. I like dividends.

[Chefboy69]

LMAO where is this dude today???

[ilvmyt5s]

After reading 1 & 3 he's probably stopped at a green light somewhere?

[Obscure1]

T5's:  Thanks for the chuckle.  I will definitely use that line in the future as it sends a message but in a delightful way. While humour is wonderful, I have to say that I know Experienced and he is an extremely knowledgeable investor and a high quality human being.  In his post that you poked fun at (in a very funny way btw): * 1) and 2) were facts * 3) provides insight

[w8asec]

I wouldn't worry about "the street" too much Obscure...they're big boys.... I've actually met a bunch of The Oilmen a few years back in Alberta... I've met some of the so called players of the Street as well in NY... ....My money is on the Oilmen...I was quite blown away at how well they know they're industry .....Also the Saudi Oil Minister was just in NYC within