RE:4.7 billionrad10 wrote: Cutting back on capital spending and buying back shares.
31 dollars per barrel syncrude operating costs - down 3%.
Attaboy little.
I have found over the years that once the accountants and financial engineering folks get control of corporate decisions, the outlook for a company and its SP begin to falter. Back in the day Nortel was a classic example of this.
While I still like SU, I sold my stake not that long ago for reasons that I have documented here.
Why do I still like SU and have it on my watchlist?
Mainly because it has so much potential with the right and visionary management - something IMHO the company lacks at the present time and is illustrated by your post.
As a general rule the "grownups" on The Street look at attempts of financial engineering as a negative unless they are taking over a company as part of a leveraged buyout. What they are looking for in a company is vision and excitement. TSLA is a good example of this and why as of today Musk is now the richest guy in the world at $350 billion. Not saying anyone should buy TSLA - I wouldn't but those that got in early made a lot of money because people are willing to pay for vision and excitement.
With the right management and its huge FCF, SU could grow into a huge powerhouse. Right now management has signalled the opposite and hence the little interest in the company and a lagging SP relative to its fundamentals.