Q3From my quick look, COS had a good quarter. Their capes was higher than I guessed. The good news is that they only used $55M of their cash stash. My estimate in an earlier post was $30M.
They still have $1400M in the bank and will use $300M to pay off a bond in August. As long as WTI stays around $100, COS will be paying much bigger divy's in early 2015.
Namsoc