Not COS Management?
Then really what is the responsibility of COS management? That a good question. Is it to insure that the project is respected and that the investment community acknowledges the opportunity? "FAILED" Is it to be sure that Syncrude is taking the right steps to provide a reliable production environment and a growing revenue stream from the best oil sands asset available? "FAILED" Is it to communicate to investors how 9 billion dollars in Capital spending that does not include the incremental projects that are ongoing will improve the ROI of the company? "FAILED" Is it to provide accurate and on time results on a quarterly basis regardless whether the IR person is on holidays or not? "FAILED" Is it to get support of the investment community and market to the world a unique World Class investment opportunity that rivals the reserves of many countries. "FAILED", Management has been successful in the generation of continual downgrades by the investment community that has cause stock volatility like we say just as recently with RBC's downgrade and the bottom falling out of the stock. Management really needs to figure out what their role is, and how that will equate to a proper evaluation for COS shareholders. In the mean time, forget management compensation, until they have some real results that are a product of their efforts and not simply because they are in the right place at the right time. COS management needs a chance, however they need to start making a difference. If you take away the stock that has been gifted to management for one reason or another how many shares do they really own, not many according to the current insider reports. .Have any of them put their own money into COS?, not gifted shares, not bonus shares, I don't think so that is an interesting question for management isn't it. Another good question that was brought forward by the previous poster, should they be able to put out a forecast that accepts that the plant is operating at a very low efficiency / performance level and expect any kind of bonus. The 2014 guidance was done a 77 dollars Canadian we are not trading 30 dollars above that. Should they be able to put forth a pathetic guidance for 2014 and expect any bonus at all. Not to mention the extremely low production forecast that they have failed to live up too.. Compensation is the last thing that this COS needs to be looking at, they need to look at their performance and how their management decisions have made a difference....