RE:RE:RE:RE:RE:How Much Money has been lost?
Well I do care about short term evaluation, because it represents in an unbiased manner the markets perception of the company performance and the management performance. Not to mention the scores of analysts that have provided poor ratings for COS, take your head out of the sand. Clearly with management changes at Syncrude they are having their own issues that have clearly been reflected in the dismal production numbers. I seem to be a little more focused on asking the company to provide meaningful guidance? But they hide behind their hedging policy. Other oil sands companies Investors anticipate that the plant improvements and the mountains of Capex that have been invested in these projects result in production increases, and try to build the investor confidence that the plant will run in a reliable manner. Greater than 90 percent reliability of the upgraders is the target put forth by Suncor; in fact they said their upgrader reliability should be comparable to their refineries. If those are not your concerns I can't help you. So the reason I am here is that I believe management is giving opportunity away and providing people who want to buy the stock on the cheap to get in. I am hopeful, and I am predicting that one of the major shareholders will get tired of the poor evaluation the stock is receiving. The company is trading at less than the replacement cost of the plant, Picking a point in time and quoting a return does nothing for long term shareholders that have held in there and had to deal with the dismal performance of the stock. A keeping the same management and training the CFO to become that CEO and paying the exiting CEO for an additional year to stick around and train him is a disservice to share holder we needed some new blood in there, because past performance has been dismal. The fact that people were buying stock in the high teens is crazy. No one really knows what the current theoretical design capacity of the plant is anymore(350?, 375?, 400?), if we are getting 40 % capacity like what was achieved last month or 67 percent capacity like the month before. Or if now with all the Billions of dollars of Capex spend invested into the plant, should we have a design capacity of 400 boe day? The shareholders are all in the dark, and with Syncrude rotating out one president for another how is our COS spreadsheet wizard CEO going to provide any meaningful direction to the world’s best oil sands opportunity.