Canadian Oil Sands: A 5% Yield On A Depressed Share Price
By Devon Shire: I remember late 2008 and earlier 2009 vividly. Oil prices had dropped near $30 and there were plenty of talking heads on television calling for it to drop further. The financial health of virtually any company with debt was being called into question and it felt like the world was headed for a depression.Of course the world didn't end, the economy has started growing again and the share prices of most companies have rebounded. Especially the share prices of oil focused companies that now have $100 oil to drive cash flows instead of $30 oil.Here are a few examples:
- Canadian Natural Resources (CNQ) March 2009 Low - $13.75
- Canadian Natural Resources Today - $36.48
- Suncor (SU) March 2009 Low - $17.83
- Suncor Today - $34.22
- Canadian Oil Sands (COSWF.PK) March 2009 Low - $18.10
- Canadian Oil Sands Today - $22.23
I knew the share price of Canadian OilComplete Story »
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