Jim Kingsdale

Canadian Oil Sands Releases Bittersweet 1Q Earnings

The UBS analysis illustrates the uncomfortable box all Street analysts are contained in. They simply cannot look down the road to a realistic assessment of the price of oil. There will be severe oil shortages in two or three years according to all serious non-industry analysts and the price of oil will be substantially higher. That is the reason to own Canadian Oil Sands, not it's current distribution or even a $1.25 dividend that could come next year. I recently posted a very different view of the COS announcement on my site, energyinvestmentstrate....