Canadian Oil Sands (COS.TO) Buy, Sell or Hold

Canadian Oil Sands (COS.TO)

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-0.00 (0.00%)

140 watching

SELL

He’d switch to another horse in the oil patch. Recently had some production misses and the stock was sort of expensive anyway and growth will be more limited. There are better ways to play it such as Suncor (SU-T), Cdn Natural Resources (CNQ-T) and Athabaska (ATH-T).

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WAIT

Very, very long life asset in Canadian Oil Sands. They indicated their cap-x program will be higher than initially indicated. This caused a correction in the stock. It’s a good long-term hold. He is looking for opportunities in this one.

PAST TOP PICK

(A Top Pick Jan 22/10. Down 0.83%.) Sold his holdings before they cut the distribution.

HOLD

Very leveraged to oil and has taken its hit on the distribution cut. Oil has gone up and you might do better in the short term to Hold for a higher exit price.

COMMENT

Prefers bigger producers and developing companies that own their own plays such as Canadian Natural Resources (CNQ-T) or Suncor (SU-T) This one gives the yield but the others give the growth..

HOLD

Cut dividend but this is what is happening to companies that have been in oil sands longer. Everything wears out eventually. We could see this in a lot of these companies.

TOP PICK

Market will punish this one for its distribution cut which will happen in a week. This changes shareholders from those in it for income for those in it for growth. Once that process is done, it reverts to an energy stock that is just trying to get growth. Good support at the $24 level.

PAST TOP PICK

(A Top Pick Feb 1/10. Down 6.58%.) Off because they cut their dividend by 60%, which was more than they needed to. Still likes.

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DON'T BUY

Market had expected a cut of 30% in the payout but they cut it by 60% because they were seeing significant increases in the potential capital budget they had outlined for themselves. Still some uncertainty. He got rid of most of his before the cut. There are better choices out there.

DON'T BUY

It was disappointing when company leapt way over everyone’s estimates on the decrease on yield. They blind-sided the street. You wonder as an investor if you want to be blind-sided. This is a short term (6-8 months) problem. This is a money cow at $80-$90 for oil. Maybe they wont cut the distribution the way they say.

BUY

Likes the oil sand space. When distributions are cut, it can create market dislocation and therefore opportunities.

HOLD

Oil stocks in general have very strong seasonality from January through to May. This one didn’t have much of a move last year. Oil stocks generally don’t do much until the end of January. If you don’t own, wait for a base to form.

BUY

Going from a $2 dividend to an $0.80 dividend so is being recycled out of yield oriented hands to more value oriented, which is pretty much in line with a composite on the TSX. Loves the asset.

WATCH

Disappointed recently and maybe a little overdone. Distribution cut was far more severe than expected. At these levels you are buying for future growth, not yield. May have a further look at this one.

BUY

Mining project. Market seems to prefer smaller SAGD projects because of mining environmental liabilities and heavier costs. Lot of torque with royalties and operating costs creating $60 a barrel. Dropped too much on announcement of distribution cuts.

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Canadian Oil Sands (COS.TO)