Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Spekulatius who wrote (45773)	12/2/2011 6:16:06 PM
From: Paul Senior	Respond to of 78476

I'm avoiding COS/COSWF, based on my memory of my past poor (losing) experience with it. As I recall I bought it for the distribution and its possibly good continuation of increased oil production, and in '08 with the market down and in '09 with oil down, the distribution was reduced (I can't recall. I may be wrong). Anyway, the stock took a substantial hit, and I exited disappointed. finance.yahoo.com; Not that Suncor didn't do poorly. Maybe it did as badly: finance.yahoo.com One thing that I do recall about COS.to, is that they were unabashedly a pro-Canadian company. They intended to, or already had, rules to limit the amount of foreign investors. (That is, limiting stock available to USA investors.) That did not appeal to me. Anyway, the upshot of all this is I'm left with a bad taste with COSWF, and I'm going to put my money on Suncor. From the stock price correlations, there may be no significant difference between how the stocks will perform in future.

To: Spekulatius who wrote (45773)	12/2/2011 8:38:05 PM
From: E_K_S	Read Replies (1) \| Respond to 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.