Dividend and profitsDo you shorts realize that the cost per boe is less than current WTI prices? Long is the trade for profits IMHO. COS/Syncrude gets paid in USD and realizes its expenses in CAD, which I believe are somewhere near the $38-39 USD mark. The company will still post a profit and even greater one if they ramp up production, which they are according to today's article on Reuters (below).
As far as I and many other long's see it, cutting the dividend (if it happens) is the responsible thing to do. Maintaining key ratios and shoring up the balance sheet are crucial at times like these. The higher the book value of this stock, the better value today's prices are, and the better price you will receive in a buyout scenario. BUY BUY BUY
Reuters article on COS/Syncrude ~416