Suncor Energy Inc T.SU

should hit low 29's tomorrow

[NewfNewf]

Time to start buying back in. 20% of my position tomorrow. Next 20% in the 26's. Final 60% if it hits the 21's again. Lets see how she goes.

[rad10]

The buyback is ongoing.  They bought back 4.1% of the outstanding shares this last financial year.  The new NCIB is even more aggressive - over 6%. Deleveraging is also ongoing. I hope you are able to pick up shares at that level.  You will be pleasantly surprised a year out. The improved fiscal stewardship of these companies - CVE / SU etc is good news for investors.

[NewfNewf]

I did pick up the first 20% at 29.22. Suncor has treated me well this past year thus i want to get back to a full position that i sold at 33. The dividend yield is quite attractive now so i'm enjoying the pullback that i'm seeing in all my oil plays that i had sold. Sometimes you get the timing right. Good luck

[bigbear4511]

From Feb 19, 2021 to Oct 25, 2021 they bought back 68 million shares or 4.46 % of the shares. This did this in 8 months.  So they cancelled 8.5 million shares per month.  One could assume with these prices that another 34 million shares will be cancelled to close out the calander year or 6.69%.  The are not going to stop. That saves them $171 million a year in dividend payments

[jx7000]

If we could get a run started, the way the Gamestop investors did a couple of years ago, maybe the short sellers would squirm a little. I'm definitely adding to my position at these below-$30 prices.