Syncrude leadership is missingSyncrude had 4 CEO for the last 10 years, other then Eric Newell who really was the main architect for the growthg of oil sands industry the other 3 presidents had no positive impact on the organization. Oil was trading for $100/barrel over 3 years now and the stock came down sharply from $33 to low of $19 , now with everyone running from oil poor COS is trading lower then 2008 recession.
The lesson to learn is not how much you make but how do you spend your money. To move back from the $17 level will take more then good production volume, it will require stability in maintainance, reducing cost of operation, increase slowly the production volume. There is no doubt that COS as well as all Canadian energy companies are cyclical in nature and are bad investment, forget about the dividend.