Suncor - what happened to stock?

[rfdrfd]

Did I miss something here? What happened to Suncor's share price? Was $120 something , now 63 ?


http://bigcharts.marketwatch.com/qui...a%3Asu&x=0&y=0

[Archanfel]

Haven't your heard? They invented the portable fusion reactor. Gasoline is obsolete.

Well, not really. 2 for 1 split.

[zoober]

2-1 split.

[hughjarce]

On April 24, 2008, shareholders approved a 2 for 1 stock split effective May 12, 2008.

[rfdrfd]

I guess my CIBC account is slow, because my # of shares remains the same as before.

Whew!! Freaked me out there for a little bit. Here I thought I was sitting pretty with Suncor shares, gonna go higher and higher.

Thanks all

[rfdrfd]

Disburse
SUNCOR ENERGY INC : STK SPLIT ON 45 SHS REC 05/14/08 PAY 05/26/08

Quantity: 45.00


What does this mean? Pre-split, I owned 90 shares. Is it going to be 45 shares now? Shouldn't it be the other way around? eg. I should have 90x2=180 shares, now that the price has split down by half ?

[thelefteyeguy]

Disburse
SUNCOR ENERGY INC : STK SPLIT ON 45 SHS REC 05/14/08 PAY 05/26/08

Quantity: 45.00


What does this mean? Pre-split, I owned 90 shares. Is it going to be 45 shares now? Shouldn't it be the other way around? eg. I should have 90x2=180 shares, now that the price has split down by half ?

are you sure presplit you didnt have only 45? and now you have 90?

cause the disbursement is for 45 to you (in addition)

or...did you have 90share prior to the declaration of split date (or after?) ie prior to april 24


else...call your broker

[rfdrfd]

are you sure presplit you didnt have only 45? and now you have 90?

cause the disbursement is for 45 to you (in addition)

or...did you have 90share prior to the declaration of split date (or after?) ie prior to april 24


else...call your broker

Thanx for ur quick reply. Let me dig up my statements, stupid CIBC won't go back more than 1 yr online !!

[rfdrfd]

are you sure presplit you didnt have only 45? and now you have 90?

cause the disbursement is for 45 to you (in addition)

or...did you have 90share prior to the declaration of split date (or after?) ie prior to april 24


else...call your broker

Just checked, yes, you're right. I bought 45 shares. Now my account shows 90 shares (like u said). Thanx !