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