RE:RE:Heres were I get it...I agree on your $15 to $20 price.If COS survives then we will see its dividend fully restored to $1.40 making it a 11% yeald off todays price.Then we get dividend increases with more new production and rising oil prices combined with lower costs.That would allow COS to further raise the dividend and a 20% to 25% yield is not a stretch as far as the eye can see.
That woild even make $20 look cheap when we get back to $100 oil a year from now.The US rig count falling from 1500 to 750 in 18 weeks spell $100 oil is on the way very fast as over reaction has happened globaly and 75% of world wide oil production is under water at $54 per brl.WE neen $80 oil just to keep supply flowing.SO UP goes the oil price and the Saudi now know that their 10% of global production can not fill the oil price supply gap.
Globe says Imperial Oil has ability to buy MEG, others
2015-04-15 06:43 ET - In the News
See In the News (C-IMO) Imperial Oil Ltd
The Globe and Mail reports in its Wednesday, April 15, edition that this week, FirstEnergy Capital analyst Michael Dunn published a report on Imperial Oil ($54.57) that examines its wherewithal to become an acquirer of pure-play oil sands producers, given its mighty financial position and access to inexpensive capital. The Globe's Jeffrey Jones writes that whether Imperial Oil pulls the trigger on a deal remains to be seen. Mr. Jones notes that Imperial Oil is not known for kneejerk reactions to booms and busts. Mr. Jones says the numbers, however, show it has the ability to snap up such companies as Canadian Oil Sands, MEG Energy or Cenovus Energy thanks to its conservative and diversified situation (and, in no small measure, the comfort of having Exxon Mobil, the largest oil major, as controlling shareholder). The market has rewarded Imperial Oil, pushing the shares up 9 per cent since the start of the year. Imperial Oil will be posting its first quarter results on April 30. Mr. Jones expects Imperial Oil's quarter results will show the sturdiness of its corporate structure during an energy bust. Mr. Jones wrote a bullish piece on Imperial on April 7 when its shares were worth $51.78.