RE:CVE vs SuncorSome investors want companies that de-leverage by paying down debt, while others do not. What is unique about Suncor is that they have refining and marketing assets. Those assets will be very hard or even impossible to duplicate by anyone other than present players. Ditto for the synthetic crude business. Suncor should be investing in the maintenance, improvement and expansion of both these businesses because Surprise, Surprise the world badly needs both of them (particularly for diesel jet and heating oil production.
The world outside of North America have woken up to the fact that neither renewables or nat gas can replace refined petroleum products. Europe already has a high dependency on wind solar and nuclear, and cannot really rely on any of them for all their power production when they need it most. That leaves either politically sensitive nat gas, coal or petroleum.
The European situation will result in a continuing dearth of diesel exports .
Let us hope that Suncor realizes the unique position they are in and use that to provide us first with growth and also with ever increasing streams of free cash flow. those streams can then be used to either reward us or pay down debt in the future depending on needs at that time