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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (45773)	12/2/2011 8:38:05 PM
From: E_K_S	Read Replies (1) of 78476

CANADIAN OIL SANDS (Other OTC: COSWF.PK ) Suncor Energy Inc. (SU) I show that COS pays their dividend twice a year (last year Fed & May) of $0.257 or $0.514/annual. That works out to 2.48%. According to Yahoo Finance, SU pays their dividend March, June Sept & Nov (.101, .116, .112 & .107) or $0.436/annual which is a yield of 1.44%. In Miller's interview, I believe he stated that the oil reserves for SU were 25% higher. I am not sure how they measure these reserves but did you check out the reserves for each company and did you notice that SU reserves were that much higher than COS? I guess reserves are only estimates and can be off. How reliable are the reserve estimates that are made for these Oil Sands Companies vs the conventional Integrated Oil Companies? Are they all suspect? EKS P.S. I had a pretty large position in RD (I believe late 90's) until one mornings they released a press release stating that they over estimated their reserves by at least 40% and were making a one time adjustment to their balance sheet. I sold the stock and never looked back at the company.

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