RE:Should this be a surprise?Yep. And when you combine this with the fact that the extension to the Base Plant is unlikely to get environmental approval, it never ceases to amaze me that SU management continues to double down on oil as opposed to using its FCF to develop significant alternative businesses to ensure future growth for its shareholders.
This is something I have been talking about for a long time and a basic reason why I am not a long term shareholder in SU.
With the article you referenced, it begs the question as to what SU will now do with the billions that it had allocated in its business plan for Fort Hills.