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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Suncor Energy Inc > SU bought back ~3.8% of shares Q2 alone 5.4% 2022

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Post by Clemxb7 on Jul 06, 2022 10:13am

SU bought back ~3.8% of shares Q2 alone 5.4% 2022

The dividend sould automatically rise as the share count goes down if the same amount of money is allocated to dividends as Q1.

We should have a minimum 4% rise in the dividend.

This is a no-brainer.
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Comment by Bigbear7405 on Jul 06, 2022 11:55am

They are getting 30 percent less per barrel now. Dividend hike is off the table.

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Comment by Thor16 on Jul 06, 2022 4:15pm

Clem, Respectfully if they did that on a ratio basis it would nullify a lot of the advantages of buying back shares. Again the focus on the dividend is maybe something that should be reconsidered as it is not mathematically the best use of capital, nor in the best interest of shareholders. Although dividends often feel "nice" to receive at the time it makes more sense for ...more

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