RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting Energy Marketbigbear4511 wrote: You can whine all your want he won't step down. Not when they are making 50$ profit a barrel.
Experienced wrote: angelnicky wrote: ceo shouod step down , it will be good news for the stock
Generally, when I see posts such as yours on various Boards, my thought is that the poster is somewhat simply minded and inexperienced.
In this case, I find myself agreeing with your sentiment. Little is not an "oil man". His approach is more a combination of CYA and financial engineering as opposed to really looking at what it will take to set the stage for future growth of the company.
ALA was in a similar situation a year or so ago. I was a long time holder of ALA but sold out in the mid 20s when the incompetence of the management became very evident . The BOD kicked out the management and put in a great guy as CEO. I bought back in in the mid teens and have seen almost a 100% gain in the SP due to great new management. I think the same could happen to SU.
Agree that it is unlikely that he would step down. In the case of ALA, the incompetence of management was very evident and the company was in trouble.
This is not the case with SU. That said, the downside is that, without a change, the market will not likely give SU the valuation that it deserves and shareholders will suffer as a result.