RE:Not COS Management?My biggest and really only complaint is the consistent production shortfall and no visibility into a credible multi-year plan with specific actions and the resultant expected volume increases.
I do not understand why management cannot provide it. I beleive they have such plans within Symcrude and the joint venture owners but for some unknown reason are not sharing it with us.
If they don't have it which Is almost impossible to believe they should develop it ASAP. The days of placating investors with non-specific production growth are behind us. We expect and deserve better.
Management has more than enough legal/ securities law disclaimer language on forward looking guidance etc and we shareholders simply want to see what they see.
Small thing but I think they could accelerate dividends from 60 days post quarter end to 45. I could be wrong on this.
When the production growth plan is resolved along with the pipeline uncertainty I believe COS as a proxy for Syncrude will once again be a highly sought after investment.
I have been trying to understand the compensation plan changes proposed by the board. This is no easy task. It seems to me the company could prepare a shareholder synopsis of the differences so we can better understand what they are asking for rather than expecting us to do all the work on our own. Simply record a Q &A or a conference call with Mercer etc.