RE:RE:RE:RE:RE:RE:RE:RE:RE:On any given mondayIdeaman, why the bearish tone on COS? I was feeling sorry for you with all your posts on the ATH board (it will go up, it has to go up because it is so cheap any everything else has moved, the shorts will cover and it will go up, etc.). ATH is a turd plain and simple - one way chart down from $18 to $2. Revolving door of management, billions of barrels of contingent resource which may be a stranded asset for a long time, high cost Duvernay wells which may not be economic for years. It was a bull market story which is now broken. The promoters and founders have all fleeced the Canadian public, made their money and moved on to other projects.
COS on the otherhand is making money, sells upgraded light sweet crude, trading signifcantly below replacement cost and has two potential motivated buyers who know it is hard to find 100,000 barrels a day of immediate production. You may wish to consider redeploying your capital into COS as I think you will make money here faster than in ATH. ATH will be among the last oil stocks to move once everything else has popped and people start scrubbing the rubbage bin for any other "cheap" stocks left. I will also go back to it - but after I have made my money first on the quality names like COS.