COSWF at a bargain price.

This stock has again reached bargain price stage. Unfortunately since it does not offer options it is not included in my fund. There has been discussion of COSWF moving to the NYSE and offering options, but that action is still not pending. 

COSWF offers the shareholder significantly dividend value with the current 30 cents quarterly yielding over 5%.  That dividend is very safe due to two reasons. One, oil prices would have to decline significantly before the sands that COSWF digs and refines oil from to be non cost effective. Two, there is at least a 30 year pool of oil at current and expected increases in production at the Syncrude site. 

Most investors, and even many oil specialists,  know that COSWF is producing light sweet oil from it's pools. This makes the oil easy to refine, highly sought by refiners, and more highly valued out of the ground. Again all of this makes the 30 year supply a shareholders friend.  Canada has decided to do their best to be environmentally sound with their resources, but they have also put getting at those resources above all concerns going forward. The US currently is Canada's largest export market for oil products and wants to do more if Obama can be persuaded to build the Keystone XL pipeline. However if that pipeline is not built, Canada has said they will build a similar line to the Canadian west coast and begin selling it's oil to China.  So as a shareholder you win either way. 

COSWF currently selling at around $22 per share should be selling in the high 20's due to the almost inexhaustible supply and solid politics of Canada.  The company has said they will not be expanding as rapidly as had been suggested earlier due to the weakness of demand in a worldwide economic slowdown. This has lead some to believe COSWF might consider using some of it's significant cash flow to increase dividends since the company only has one area of capital expenditure and that is the oil sands it owns. That cash horde much be either used and paid out. 

Frankly owning COSWF is like owning a share of your own oil well. 

I do not own COSWF either as a long or option.