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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (45629)	11/22/2011 4:18:17 PM
From: Spekulatius	Read Replies (1) of 78462

Coswf (Canadian Oil Sands) - dug around a bit and i think the reason for the weak shareprice is that they lowered the dividend from 0.5$ quarterly to 0.3$. They did this despite higher earnings compared to last year, which are due to higher realized product prices. I believe the reason for the lower dividend are the changes in tax law (trust structure); as a consequence of these changes (originating from the infamous thanksgiving massaker) , COSWF is now a C-tax cooperation which pays income taxes. What I like about them is that they have long life operations and a path to expand production, existing infrastructure build at costs that are far below current costs, virtually no debt and run by very skilled operators (Imperial Oil / Exxxon, SU etc.) and pay a nice dividend to boot. cdnoilsands.com cdnoilsands.com

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