Hedging Policy
The brains behind COS only want to hedge the debt in U.S. dollars and do not want to hedge production. How has that done for COS investors, sucks if you ask me...
U.S. hedge debt (Yes), Production Hedge (No), SCO Premium (No), Produciton Relaibility (No), Reliable Forecast (No), Experienced Management (No), Operational Management (N0)
Oil hedget at 100 dollars U.S. would be selling for more then 110 canadian, what were they expecting oil to go to 200 dollars. We need a new team a Canadian Oil Sands.
Now is the dividend secure and can we expect a increase now that the capex spend is almost done, no!!! because it would require management to make an inteligent decision.
Suncor feels Syncrudes Performance is dismal. How does the COS board respond to syncrudes operational problems, they put an accountant in charge of a Mining Operation.