Suncor Energy (SU) announced an increase in its share repurchase program to 75% of its free funds flow this quarter, with plans to escalate this to nearly 100% once net debt is reduced.
Over the past year, the Canadian market has shown robust growth with a 13% increase, despite a recent flat performance over the last week. In this context, dividend stocks like National Bank of Canada can be appealing for their potential to provide investors with steady income streams in addition to capital appreciation opportunities.
Suncor Energy stock has rallied big in the last year, but expect it to move higher as efficiencies keep rolling in. The post Is it Too Late to Buy Suncor Stock? appeared first on The Motley Fool Canada.