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Canadian Oil Sands (COS.TO)

TOP PICK
Well managed. Provides pulp chemicals, which is a cyclical business, but is a low cost producer with high quality assets. Expected to increase capacity and reduce costs. Sees it as a growth profile. Has been vastly oversold.
WATCH
Has never been a fan of this because of the low payout, but that is now coming up and he expects it will be about 6.5%. Would wait for that to happen first.
BUY
Oil sands producers, especially the ones that are already there, are like long term annuities. No exploration risks.
BUY
Just purchased an additional 1.25% of the Syncrude assets from Talisman Energy (TLM-T).Well managed.
HOLD
He has a 2-3 year positive view on energy. They have done most of their capital spending so they won't be hounded by higher costs.
BUY
The pre-eminent company investing in the oil sands. Have been increasing cash flow is in each of the last few years. Very solid company. Great long-term good value asset.
TOP PICK
(A Top Pick Oct 20/06. Down 3.2%.) A world-class asset with long-life reserves. Foreign investors are looking for this type of investment. Expect they will increase distributions in early 07.
HOLD
Everyone should be exposed to the oil sands. Feels that oil prices will remain quite firm into the foreseeable future. In the meantime, there is a nice distribution.
BUY
Low payout ratio. Likely an acquisition candidate, as people are scrambling to get into the oil sands. One of the better trusts.
BUY
This is a high fixed cost, low variable cost business which he likes. As the price of oil goes up, more money goes to the bottom line. Has very bullish outlook on the price of energy next year.
BUY
His favourite way of playing the oil sands. Considers it as a long-term annuity. A potential takeover candidate.
TOP PICK
35 year plus reserve life. Just completed stage 3 expansion. Q3 numbers show production levels of close to 125,000 barrels a day. Expects to see cash flow ramp up here.
BUY
A nice solid holding. Represents a lot of reserves for Canada. Low debt. Acquired Canadian Southern Petroleum at a very high price. It’s a natural gas in the artic and you are looking at least 20 years out.
BUY
His favourite in the large cap Canadian sector. They are largely through their cap-X, so is really a call on the price of oil. Valuation is attractive.
WAIT
There is some minor support around $22.40 which might be your downside. Upside might be $30. Trading volume was strong. A technician would wait to see where it developed.
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