This company is not good for a long term investor. Look at the chart since the low of 2008. Will finish the year at the same level as jan 2013 or top of 2012 and low of 2011. Please stop buying back shares and pay all in dividend instead. Look like we goon touch $32 by year end.....
A very unhappy long term shareholder. ACB of $39 since 2011 with too many shares.
My point is this is matter of respect for long term shareholders. Thanks all.
You mean buying more share by reinvesting the cash from dividend paid out on his original investment or adding new cash?
I would happy to see that. I owns severals 1000 shares with a $39 ABC since 2011. I wish I could buy more but I am long so be it.... The market proved me wrong in my timing.
I would have been wealthier trading this stock instead of being long for the last 3 years. Can't only blame myself.
Cheers to all of you which had the opportunity to buy in low the mid 20-low and low 30....
Stef from QC
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 $39. Over 10,000 shares. I have been long since 2011 Having a bigger dividend would compensate for the wait. Suncor paid 300M in dividend per quarter in 2013. Spent about 300 to 550 in buy back... It should be the opposite like 80% 20%. Buy back is only good to push the price up for option holder.
Management was selling big time in December, strangely, if you look at buy back in 2012 and 13, buyback in the fourth quarter always had the highest amount!.
I don't call that shareholder friendly either a competitive dividend. The yield would be over 4% if all cash was paid in dividend to shareholder!
What do you think.
That what happen when you only have one customer as a country. Xl now clipper!
TRP should come up with plan that require train to bring oil to us. Forget about the pipeline. Time ti #$%$ off those idiot.
BNSF Railway plans to buy its own fleet of up to 5,000 new crude oil tank cars with safety features that exceed the latest standards adopted by the industry more than two years ago, the unit of investor Warren Buffett's Berkshire Hathaway said on Thursday.
The only good thing with train is that they use oil! Nebraska will lose more with no pipeline.
I don't see why they would have stop. They had 700M left before announcing an extra billion. I would have rather got more div and no buyback. SU has been dead money for long investors since 2009. Was only good to traders. CNQ,IMO and HSE are performing much better.