Suncor Energy Inc T.SU

4.7 billion

[rad10]

Cutting back on capital spending and buying back shares.
31 dollars per barrel syncrude operating costs - down 3%.

Attaboy little.

[Experienced]

I have found over the years that once the accountants and financial engineering folks get control of corporate decisions, the outlook for a company and its SP begin to falter.  Back in the day Nortel was a classic example of this. While I still like SU, I sold my stake not that long ago for reasons that I have documented here. Why do I still like SU and have it on my watchlist? Mainly

[rad10]

Au contraire experienced.  It is the aggressive growth at all cost using excess leverage that crippled this industry. Empire builders are the ones to be avoided. One person's "financial engineering" is another's "fiscal prudence". That's what makes a market. Look at the great job AP doing over at CVE.   

[CashHungry]

What Suncor investors are looking for is operational excelence, fiscal prudence and prioritizing shareholder returns to vanity growth projects. Suncor is a beheamoth integrated energy company and Little has plenty to keep him busy in optimizing performance and bringing the greatest value to his shareholders.  I am delighted that Suncor's management does not view their company to be the

[Abruzz0]

CashHungry, one can only wish that there were more boring and responsibe companies that make up for it by investing mostly in sustaining capital projects and prioritizing FCF to share buybacks and dividends.  Suncor's generous dividend will likely grow annualy even with oil prices at usual values. Overall consumption is still growing in Canada and internationaly,

[Experienced]

I wish you and CashHungry all the best. I have been around this mulberry bush for over 50 years and when I see a company like SU with the metrics that it has and the SP doesn't reflect it for an extended period of time like it has it means that the big money have voted with their feet.  Until SU management shows that they have ideas to use their substantial cashflow to grow the company

[rad10]

Yep - boring and cheap.  Just as unpopular as big tobacco in the 90s.....  I wonder how you would have fared if you parked some cash there.  Oh wait.....  I already know....