Suncor Energy Inc. T.SU

Acting CEO may be removed

[angelnicky]

why buy Fort Hillis and then take a write down
shareholders will pay for it tomorrow a

[maramos98]

Odd that no mention of dividend yet...could we get a surprise boost in the AM?

[autofocus111]

maramos98 The dividend yield is a reasonable ~4%. The company is focused on debt paydown and share buybacks. Rightly so as long as the market refuses to value to company more in-line with peers imo. >>> The company remains on track with its previously articulated capital allocation framework, and depending on the business environment, expects to increase its share buyback allocation to

[tRumPPskySucks]

Fingers crossed..

[HighOctane89]

The disconnect between head office (Calgary) and the actual production facilities (Fort Mac) couldn't be more obvious . Calgary is more interested in chef catered , 3 Martini lunches , the business is rudderless with no focus or leadership . Suncor needs an oil veteran with a plan , not the aimless bunch of boobs currently wasting space in HO today .

[autofocus111]

Octane You sound like the one who's discoonected. Rudderless and with no focus? News flash.... they divested non-core renewable assets and used proceeds to buy up TECK's stake in FortHills.

[HighOctane89]

To be fair , I just read through the numbers and I have to admit they are impressive . Funds flow was nearly double last year , operations were more profitable and production was up . This should be a great quarter but I'm betting that the market only sees the non-cash charge and not the $2.5B in earnings that it's covering up . Unfortunately , they never mentioned a dividend (special or

[HighOctane89]

The more I look into this report , the more it looks like an elaborate exercise in hiding profits . Taking an unrealized foreign exchange loss on US denominated debt seems redundant when both WTI and WCS are paid in US dollars anyways . That combined with lowering Ft Hills book value not only hid $2.5B in earnings but it also generated an $857M income tax recovery . I need one of these accountants

[Oldnagger]

There are rules against taking unjustified write downs. In this instance Suncor has come across a valid reason to do so !! In all the discussion I have read so far , there seems to be no mention of the high differential that has been in effect for WCS during Q3.  I believe that differential will narrow once the SPR releases are halted