Investment myopics ALWAYS miss the big pictureAs Middle East tensions push oil prices higher, Canadian production becomes more sought after. The macro picture for COS, and all Canadian large-cap producers, is encouraging a bullish mood amongst energy investors.
If consistency of production is a concern, there are plenty of peers in the space that are highly-liquid for retail investors.
Total return for COS has been close to 27% during past 12 months. The complaints here are unfounded and voiced by childish amateurs who are unreasonable myopics. (very likely a symptom of a painfully high ACB, but will never admit that is their biggest concern)
The beuaty of the equity markets is that if company A bothers you, then sell your shares and buy company B. If the grass is greener, go find your new home where the manure is thicker.
Everybody here is driven by different emotions. We are unfortunately interrupted all to often by a rude personality who feels the stock owes her something. Your ACB is not relevant. Exit what you suggest is a poorly run company and go buy something that you feel is well run. It's that simple. Or, spend your life voicing weekly complaints about a management team that has done the best they can with the resources available.
Namsoc pointed out that an analyst recently called for a material dividend increase within the next 12 months and recommends COS as a STRONG BUY.
Argue and complain all you like, the facts are on the table and this table has been set by professionals.