CANADIAN OIL SANDS TRUST

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Analyst Coverage

The following investment firms provide coverage of Canadian Oil Sands Trust units. Please note that any opinion, estimates or forecasts regarding Canadian Oil Sands' performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Canadian Oil Sands or its management. Canadian Oil Sands does not by its reference below or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations. 

BMO Nesbitt Burns, Randy Ollenberger   

Merrill Lynch, Andrew Fairbanks

CIBC World Markets, Mark Bridges

National Bank, Menal Patel

Cormark Securities, Brent Watson

Peters & Co., Jeff Martin

Credit Suisse, Brian Dutton

Raymond James, Justin Bouchard

FirstEnergy, William Lacey

RBC Capital, Gordon Gee

Genuity Capital, Philip Skolnick

Scotia Capital, Mark Polak

MacDougall, MacDougall & MacTier, Rob Mark

TD Newcrest, Mark Friesen

McDep Associates, Kurt Wulff

UBS, Andrew Potter

 Summary of recommendations, as of June 18, 2008:
Buy 7
Hold 6
Sell 3

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