Post by
lifeisgood1010 on Aug 08, 2024 11:44am
The new Suncor
Integrity, you are totally right.
Nice to see an investors posting about Suncor.
This am, i listened for a second time yesterday's CC.
Prior to the arrival of R. Kruger, we were facing with a company that was heavy on
labour,non productive compared to many of it's peers.
R, Kruger and is new management team changed that.
They got rid of the over staff non productive employees, embarqued in deploying capital
to improve efficency and made Suncor a safer place to work.
These are only a few aspect of the new Suncor.
In the old Suncor, there was the legacy and mind set of the state own Petro Canada.
Not anymore.
If you are a Suncor shareholder, and haven't listen to the CC, i recommend you go
on their web site to listened it.
These guys are inspiring to say the least.
These results were spectacular in a quarter of huge turn around.
They are reducing cost and exceding on all front the targets they are setting for themself.
The best is yet to come.
We will continue to see the debt coming down, share buy back and increase dividend.
With their long RLI,this is a safe place to be invested for many years to come.
With the interest rates that are projected to come down, our dividend will be even more valuable.
As usual, staying long Suncor
Comment by
integrity11 on Aug 08, 2024 8:42pm
Thanks Life is Good for the value added informational posts on SU.