RE: COS value Here is a great article on COS.
https://seekingalpha.com/article/373181-canadian-oil-sands-a-5-yield-on-a-depressed-share-price
Hopefully COS will sort out some of their production issues this year that the author mentions. An issue he doesn't mention in the high capex they have this year $1.4B and $1.0B next year. Once we get thru this year I see a divy increase next year. The
.4B saving next year could add 80¢ to the current $1.20 divy.
Also no analyst recommends it on BNN. Worse, the information they provide is old and possibly misguided. "They cut their dividend and Bla Bla Bla and they can't increase production Bla Bla Bla. We like Suncor because they are increasing production........ " That doesn't help.
I think it's great that COS will not increase production now since the price of crude can only go up over the next few years as Chindia consumes more world oil.
We need a couple of good production quarters and oil to stay in the $105 range for the rest of this quarter and next. If we could get a divy increase around Q3, that might start to get the analysts attention. Bottom line is we need buyers, good pricing, reliability and recommendations.
Namsoc