Digesting the SU news and results.

Thanks for the insight on this one.
Now see this morning that Cenovus is also cranking up their dividend. Cheers!

The company's earnings report was very bullish. It's interesting, because Suncor released not too long ago that they were going to take somewhat of a conservative route when it comes to dividend growth. Taking 2-3 years to get back to 2019 levels. But as we saw, the company just reinstated the 2019 dividend in a single quarter. This is absolutely critical, as the dividend cut was very likely what was causing Suncor to lag its peers.

Obviously we don't make price predictions here at Stocktrades. I believe it's generally a poor way to invest. Instead we should focus on buying strong underlying companies and not worry about 6-12 month targets.

But if you were to force me to answer? $38-40 is very realistic if oil can maintain that price point.