The first is Suncor’s stock price:Warren Buffett showing up in your share register can be a bittersweet affair. They lack Suncor’s integration and track record of doing right by shareholders. shale – that is much more exposed to the swings of the oil price and where just managing to not spend every dollar that comes in counts as shareholder friendly. Fellow Canadian Encana Corp., for example, dipped down to just six times forward earnings in the fourth quarter, while Suncor dipped to just 11 times. The one thing E&P companies can take away from Buffett’s bet on Suncor is that maybe Suncor does a few things worth emulating.

Source: thestar February 15, 2019 16:52 UTC