RE:SCO PriceYou think COS is breaking even at $50? You're delusional.The only reason to hold this stock was the dividend. Now that has basically evaporated.
Get ready for $7-8. And I'm not bashing just to bash. Based on the data I am seeing every day, the oversupply that will linger for the better part of 2015, and the fact that Syncrude is one of the highest cost Oil sands operations (with many problems and guidance reductions year after year), this simply wont have support.
You guys may indeed get a buy out eventually. But it won't be happening with the SP above $7
namsoc wrote: Yesterday COS was getting $63.93/bbl for SCO. At current production levels this is their breakeven price, including the 5¢ divy. They are getting a 94¢ premium over WTI in $Cdn. I hope the market knows this.
WTI needs to stay close to $50.
Namsoc