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Canadian Oil Sands: 14th Distribution Increase in 5 Years

Posted on May 28, 2008

The newly declared quarterly distribution for buy-recommended Canadian Oil Sands Trust (COSWF.PK) of C$1 a unit to be paid next month is up ten times in five years, a compound annual growth rate of 58% a year. The increase for U.S. investors is an even greater 14 times in five years, or 70% a year, because the U.S. dollar lost forty percent of its value during that period. The distribution increase was announced with first quarter results reported after the market close on April 28. At latest oil futures prices, projected free cash flow for the next four quarters exceeds the distribution of C$...

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canadian oil , oil , oil futures , oil sands