Monday, August 17, 2009

Good News!

The Canadian Oil Sands Trust announced a 90% decrease in net income (year-over-year) for the 2nd quarter of 2009. Cutting the price of oil in half did most of the damage, but production was also down by 10%.

Good news! Unless, of course, you're an investor in this abomination. In which case, I cry crocodile tears for your 401K.

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