RE:shares Price
Camille22,
My average cost per share is the same as yours, around $20.00 a share but I have owned shares in this company a long, long time and my original purchases were at much higher prices. I have been averaging down for years and all the while collecting dividends. There have been problems with output, higher costs, lower oil prices, etc. but you are right when you talk about this being mining rather than drilling. I have shares in Crescent Point and I had shares in Peyto and Royal Dutch Shell and the cost of one well is in the millions, and sometimes exploration companies spend lots of money and the wells don't produce upto expectations, and there are also sometimes mechanical problems with these well too which adds to their cost. Moreover, there is the issue of decline rates, some as much as 30%. COS doesn't have all this to deal with. The oil is there, there is enough to last a very long time and I would think that as the years go by (this hasn't proven to be true so far but I'm ever hopeful) the company will get better at production without so much down time and the cost thereof. I console myself by looking at the current share price of over $24 and feel that all in all COS has been and still is a pretty good investment. I don't have a lot of shares, about 2400, but I get over $800. every 3 months and I feel this will improve over time.
Lundu