RE:RE:From CBC today:The operating cost alone in 2014 was $49. Add in the operational issues and the missed guidance for a few year running.
At the end of the day, this is a mining operation. The other JV partners have much better projects in the OS other than Syncrude.
Did you read the Q4 results? What did you think? What do you think Q1 is gonna look like?
I ask you to please, PLEASE, lay out your reasons for holding COS in the short term (i.e.over 2015)? Don't just say "to ride the impending oil price rebound". Fundamentally, why COS and why not another lower-cost producer?
That's the issue I've been raising this whole time. Long term, COS may be ok. But what reasons are there to hold it now given the tiny dividend?
malx1 wrote: Last I checked, COS was not a "project". In fact, Syncrude has been producing since 1978. Anyone remember oil prices in 2002? Around $25 per barrel. Where are they now? Prior 2000 prices were in the teens.
When production normalizes, cost of production at COS will be close to $35/bbl cdn. At $60 sco today, there is a healthy profit margin, yes, even at today's prices.
Be careful when reading message board drivel, it is worth what you pay for it and can have a detrimental impact on your investment performance if you actually act upon it.