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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (45625)11/22/2011 12:24:30 PM
From: E_K_S  Read Replies (2) of 78451
 
CANADIAN OIL SANDS(Other OTC: COSWF.PK )

According to the McDef ratio, COSWF has one of the lowest ratios in their list at 0.48 (1.0 is considered fairly valued).

mcdep.com

I still prefer the U.S domestic producers but still hold positions in ERF and PWE. However, my most recent transactions have been sells in these names rather than new buys. FWIW, I also like PWE for their Candian to US distribution pipeline (they recent divested themselves of their Oil & Gas exploration division). I have been buying PVX in the $7.00-$8.00 range.

With the delay in the Keystone pipeline, speculation is the Canada will build their own pipeline to the West coast for transportation of the Oil Sand production. I think with a lack of a definite pipeline to export their production has made the stock sell off. Could be a buying opportunity but with many of the other domestic producers selling pretty low too (when viewed based on the Mc Def ratio), I would look at them first.

My positions in PWE & ERF pay pretty good dividends but get hit with the Foreign Tax withholding. Therefore, I have been selling down these positions and working the money into the large U.S. integrators (XOM) and more of the smaller domestic shale producers.

COSWF is definitely a value buy at current levels but I plan to focus on the U.S. producers (maybe we will get a U.S. energy policy that promotes U.S. production).

EKS
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