Post by
lifeisgood1010 on Nov 14, 2023 11:06am
Dividend announcement
In Q3 of last year,results were published on Nov.2nd and the announcement of the dividend
was done on Nov. 15
Dividend was for shareholders owning the stock on Dec 2nd and the dividend was payable
on Dec. 23rd.
So if things goes like last year, it should be in less than a week that the dividend date
will be announced.
For we, it's irrelevant if it's 52 or 55 cents.
What does matter, is how much earning and free cash i expect my company will make
and how they use it
Like all resources company, Suncor does not have any control on the price of the commodity.
They are price taker.
But they manage their cost and what they do with their excess cash.
The recent announcement of $2.20 to $5/ bld is telling me that Suncor
is heading in the right direction.
With this morning inflation data, some investors are probably short covering and some are going for the intrest sensitive stocks.
E&P don't do as well on those days.
But one day does not make a market.
I can't predict the future, but if oil prices stays in this area, Suncor is a stronger company as the days go by and that is sufficent for me.
Comment by
meritmat on Nov 14, 2023 5:35pm
They bumped it. Very nice