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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (7895)10/18/2004 2:05:03 PM
From: Taikun  Read Replies (1) | Respond to of 11633
 
<Canadian Oil Sands Trust is big enough to be considered by a mutual fund.>

With such a low avg daily volume wouldn't it be difficult to build a position without moving the market? I could see it taking ages trying to accumulate 100k shares. It would have to appeal to a smaller fund or a manager who didn't mind:

a. the challenge of building their position into enough of a portion of the portfolio to have an impact
b. the relative illiquidity of the position.

COS, with over 10x the avg daily vol is more appealing to Institutions.

I do like accumulating OST on the COS down days, since it usually overreacts both ways. I would not be surprised if there are some traders in this one, but you have to be careful of the Grand Canyon-like bid/ask spread and-I know I'm repreating-illiquidity.

It would be interesting to know the institutional ownership of OST and whether there are mutual funds in there.