SU had a $1.4 Billion Loss, or roughly $1.00 a share.
However, the earnings per share of $3.07 never changed.
Which tells me, that even Suncor is manipulated and rigged.
My recommendation: Stay away from this stock ! Short it !
Suncor's Risk profile has Changed and Broadened
When i bought it several years ago the risks seemed to be
1. Downtimes during the dead of winter.
2. Efficiency of steam mining..
3. Liquid waste disposal.
These challenge 1. remains, 2. and 3 have been generally overcome.
But with the new structure, we have a new set of challenges of a more geopolitical character.
1.0 Arab Spring.
2.0 First peoples not wanting pipeline to the pacific.
3.0 Barnett shale flooding market and reducing crude prices.
4.0 XP pipeline approval risks.
5.0 Constipation in Cushing.
6.0 Seaway II will not really pass 400,000 bpd until fall, we hope.