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Bullboard - Stock Discussion Forum Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks... see more

TSX:SU - Post Discussion

Suncor Energy Inc > Good day for more buybacks
View:
Post by Lawisfun on Nov 07, 2023 12:54pm

Good day for more buybacks

Suncor has purchased and canceled 158,846,000 common shares since January 2022.  At today's modest market price ($44.50), these canceled shares would command a value of $7,068,647,000.00.  Suncor paid far less in real dollar terms to acquire these shares.
 
It's a staggering figure. 
 
I guess today's a good day to buy back some more common shares.  
 
Current shares outstanding is ~1,329,000,000.
 

 
Comment by Lawisfun on Nov 07, 2023 1:06pm
Well, I guess today is technically within the blackout period due to Q3 reporting tomorrow.  But would have been a good day for buybacks.   Nothing stopping retail longs from buying though...  
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