RE:RE:RE:Do the institutions have it wrong?No I was replying to Obscure. He threw up P/E's of SU, CVE, CNQ along with ENB and TRP and proceeded to question if institutions were mispricing SU on that basis. I think that's a weak approach since as you noted there's several different metrics to compare in assessing relative valuations. As far as why SU is 'cheap' well I don't really care if the market wants to misprice SU. Bottom line the cash flow is there... just like Big Tobacco is shunned by many investors. I'll just sit back and let the dividends and buybacks grow the value of the investment. SU doesn't have to extend their operations to deliver that return... all they need is a sustained period of reasonably high oil prices. I think we get it this decade (last decade was pretty much a bust in the sector due to rampant production overbuild). EV's may eventually erode prospects of oil producers but not that fast imo. It's a big world, and alot of it doesn't have the luxury of driving EV's or even ICE yet.