RE:RE:4.2 Million of COS shares traded on Nov 3 2015 closed @ 10.2
Opinion of oil sands mining is slowly changing. The ability to reduce cost per barrel when under pressure has caught investment analysts by surprise.
Macro picture is changing for global supply and demand.
CEO is reminding investors that cash-flow expands quickly as the price of oil rises. Fixed-cost producers benefit the greatest as oil prices climb.
The Suncor offer is a joke. Anyone supporting the deal has no understanding of oil price fundamentals and does not believe prices will climb.
I am in the camp that feels prices will rise to, and temporarily above, the cost of incremental production. $60 for 2016 and $65-75 for 2017.
At those prices, COS goes back into the $20's.
The unknowns are NDP trickery and Liberal tax grabs.