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Suncor Energy Inc. Message Board

  • stephanecaron stephanecaron Feb 5, 2014 9:12 AM Flag

    Suncor removed from Canadian Focus List at Canaccord

    Suncor removed from Canadian Focus List at Canaccord

    Canaccord removed Suncor from the Canadian Focus List based on the lower than expected dividend raise, an underwhelming Investor Day in December, and potential acquisitions. Shares remain Buy rated..

    I agree with their comment as a long holder. I have a ACB of $39. Over 10,000 shares. I have been long since 2011 Having a bigger dividend would compensate for the wait. Suncor paid 300M in dividend per quarter in 2013. Spent about 300 to 550 in buy back... It should be the opposite like 80% 20%. Buy back is only good to push the price up for option holder.

    Management was selling big time in December, strangely, if you look at buy back in 2012 and 13, buyback in the fourth quarter always had the highest amount!.

    I don't call that shareholder friendly either a competitive dividend. The yield would be over 4% if all cash was paid in dividend to shareholder!

    What do you think.


29.42+0.07(+0.24%)Oct 21 4:02 PMEDT