RE:SuncorI’d love to see it as well but my guess is that CVE will be trading at more than 21 a share by the end of 2018.
Suncor just took out Canadian oil sands from fort hills and poured some serious money in that project.
It wasn’t up and running as soon as they expected and as usual cost them more then they thought.
I have a ton of respect for Suncor for what they did for share holders during the downturn and how they managed expansion and took advantage of dire times to expand the company at the most opportune times when contractors where plentiful and cheap.
I can say that even though the recession cost me my job with them they didn’t hesitate to pull back in every way possible to benefit the company.
Theres allot of companies that could have taken a financial lesson from them during the recession instead of management stealing more options and perks when everyone else was losing their shirts, which inevitably comes from the share holders.
CPG comes to mind.