RE:RE:RE:RE:RE:Did SU pay back $3.6 billion and $1.8 billion? $5.4 billion?"Sept 30 Total Debt 19243M Less Cash&Equiv 4659M"
That’s a lot of cash. Maybe that’s what they used to buyback the $3.6 billion in notes? They made an offer in late September to buy back 2.75 billion in notes I believe. If they got back $3.6 billion in outstanding notes for $2.75 billion then that’s very good. However I think it's impossible to know what is going on based on the confused way they present the numbers.
I'm not an accountant. I just wish they would summarize and present the important numbers in an understandable way. e.g.: Revenues were such and such, cash flow was such and such. Etc. If they did exactly the same way Yahoo present's the numbers that would untangle a lot of the mess. It takes days for Yahoo to update this info after a report so that’s not great.
IMO opinion Suncor has no respect for the average shareholder. I’m not selling though. I’m still pretty sure they are a cash printing machine and they did say they would have news soon on PetroCan. Also execution on production was very positve.