Everyone knows Equityman is Smokedlobster, you aren't fooling anybody. As for Williams, no other company wants that old fool. He needs to hang it up, COS is making him look like an idiot.
Apparently, reading still isn't your forte. If Suncor or Imperial Oil had a better idea on how to run Syncrude, they'd have done so. They are just lucky that they are diversified and pass their losses to consumers at the pump. If either one of these clowns only ran COS, they'd already be bankrupt.
I guess asking you to fix your grammar would be useless since you don't know how to read. Let me tell you once again, HEY, we don't need oil at $100 only $35-$37.
If you hate COS so much, sell your (non-existent) investment in COS and buy SU shares. When oil hits 50, we'll double our money and you'll MAYBE make $0.50.
Quiet, you SU clown. Once SU has to make massive investments to replace their depleted resources, they will cut your old-man dividend. If oil goes to $100, you'll be lucky if SU moves a buck.
Look at all these Suncor shill scare-mongers. COS doesn't need a significant increase in oil, it only needs oil at around $35 in the next 3 years, PLENTY of time and VERY likely to happen. Speaking of incompetent Suncor and Exxon have a greater say when combined in Syncrude....yet....they are just as incompetent maybe even moreso. Suncor is desperate, their resources are about to dry up and they will have to invest MASSIVE capital, this is a dream for them, but tell you what, COS shareholders aren't stupid.
Well, if you can't trust Suncor's CEO about his assessment of COS, who can you trust? It's not like he has a vested interest or anything. COS shareholders have seen $5, we're not afraid of it. If it hits $3,75, I will mortgage my house and buy everything I can.
Like Schulich said, and exactly what I was thinking Suncor has a say on Syncrude's operating decisions, if they were any better at maximizing shareholder value, you think they'd have done so. That means they are either purposely screwing over their shareholders or just as bumbling and inept as anyone at COS. Either way, stay away from Suncor. Tendering your shares is a colossal error. Even if Suncor is miraculously able to do a better job (and they won't), your Suncor shares will go up $0.20 tops.
You little fear-monger. If you had any clue about COS, you'd know they are able to operate at $37, BOTTOM LINE: They don't need anywhere near $100 a barrel. Even if it hit $100 a barrel, your Suncor shares would go up a buck or 2 tops, but enjoy your old-man dividend, until they have to reinvest massive capital due to their depleted exploitation resources.
...why all these Suncor shareholders are spamming this board telling everyone how worthless COS is, you'd think that if it was as worthless as they seem to think, they'd beg you NOT to sell.
Other companies are carefully managing their cash to weather the storm or don't want to dilute their shares. What does that tell you? Either Suncor's management is incredibly incompetent or they think that this deal is so favorable, they are willing to absorb additional debt and screw over their shareholders. Either way, all the more reason not to tender to own POS Suncor shares.
First note for COS matures in 2019, plenty of time to ride the slump. Saudi Arabia's past government surpluses/reserves will be exhausted way before then, these levels are unsustainable for them to balance their budget. In the mid 50's COS was at $13, Suncor was about where it is now. It's not going anywhere....for the next 20 years. Suncor is hoping that short-term fear will scare shareholders into accepting this ludicrous offer so they can get reap all the benefits of past capital investments.
Smokedlobster is crying that his Suncor shares won't go anywhere for the next 20 years.
If COS is really worthless, then Suncor is stupid for acquiring such a "bad" balance sheet and investment, so you shouldn't want Suncor's shares, if COS is worth significantly more you shouldn't sell to Suncor. Either way, no one in their right minds should sell. TD Ameritrade suggested that Suncor's offer is significantly undervaluing COS, and that COS is how they are playing the eventual turnaround in oil.