RE:Q3 Review
The way I look at it COS drew down the line of credit in order to pay the dividend. This is not something they are going to want to do much of going forward so I suspect all that discussion on the dividend in the MD and A is actually a precursor for chopping the dividend in half once the annual results are in. ("We mentioned last quarter that....") On a brighter note, the share price is now reflecting replacement value for the assets with an oil sands deposit thrown in for free. My Christmas wish- Suncor takes out COS and then management control of this circus. But I am told there is no Santa.