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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (45629)	11/22/2011 1:24:32 PM
From: Paul Senior	Read Replies (4) \| Respond to of 78462

My actions different from you on these, EKS. PWE. I'm building a position as stock falls. I'm interested in the potential of Alberta's Cardium light oil. "The Cardium trend in west central Alberta is one of the largest light oil plays in North America. Penn West holds the largest single land position. Our 670,000 net acres under lease represent approximately 40 percent of the prospective area, and are estimated to contain significant light oil potential." I am hoping this will be a long-term hold for me. The dividend will be important, but for me, not the determining factor to hold the stock. CVX at current price and its current troubles (Brazil leak), looks like a better bargain to me than XOM. Hard to determine since XOM is generally considered the premier integrated oil company, and consequently the market generally gives it a premium multiple compared to competitors. I notice per Yahoo, XOM now has more debt than cash, CVX more cash than debt. Perhaps that's not relevant to anything though. My preference is SU over COS. Just a personal preference at this time. Have had COS, didn't do well for me. I'm going to build a position in SU. I hope as a long-term holding. I like oil analyst Charlie Maxwell. His advice is to avoid XOM because he says they can't replace their oil resources at their current consuming rate. Unlike SU, which he recommends, that has proven reserves that should last for many years.

To: E_K_S who wrote (45629)	11/22/2011 4:18:17 PM
From: Spekulatius	Read Replies (1) \| Respond to 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