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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: majaman1978 who wrote (4319)11/22/2001 1:16:58 PM
From: Frank Pembleton  Read Replies (1) | Respond to of 36161
 
Mark, yes I've addressed this particular trust in the past -- I'll have to check my notes ... I'll post more on it later when I have a little more time. -- In the meantime, check out the Syncrude web site:

syncrude.com

Regards
Frank P.



To: majaman1978 who wrote (4319)11/22/2001 9:45:24 PM
From: Frank Pembleton  Respond to of 36161
 
Mark, about COS.UN -- because it's an oilsand pureplay it's trading at a premium already. It certainly is a solid trust but it does have a few too many balls in the air.

- Athabasca Oil Sands Trust merger
- funding it's share of the $4 billion in capex
- doubling of debt year over year
- declining revenue due falling oil prices (30% of production is hedged)

Regards
Frank P.

BTW, -- just for laughs...

Is he a gold bug or an oil bug?
Message 16413783