Best COS presentation in a long timeI just read through the companies most recent (dec. 16th) presentation and thought it was exactly wht the market is looking for.
1) any concern about bond default has been put to rest as it highlights the primary Finacial covenant of debt to total capitalization of no more than 55-60% which is easily passed
2)refinancing is not required on any of the bonds for another 3 1/2 years od June 2018.
3) the bank facilities are committed and available
4) highlights the exceptional value at current market prices of the syncrude asset
Absent a continued free fall in oil prices the share price should continue to recover.