Saturday, January 31, 2015

Canadian Oil Sands 12-Jan-2015 Presentation

Latest presentation from Canadian Oil Sands

Note the USD$55 - $60 per barrel break even cost on slide 7.

I was planning on initiating a position on Friday because I anticipated a dividend cut (which happened) and a share price drop (which actually closed up 20%).  I may initiate a position anyway.  Syncrude produced its first oil in 1978 and will be around longer than I will and is way too cheap at this price.

Morningstar analyst report dated 22-Dec-2014 below

Morningstar gives fair value of $17 CAD and current price is $7.85 CAD

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