The common collector colpitts oscillator is not what you have drawn. It is like this: - [![enter image description here][1]][1] And here is a document I wrote that derives the oscillation frequency and talks about the capacitor ratio: - [![enter image description here][2]][2] [1]: https://i.sstatic.net/OuKNL.jpg [2]: https://i.sstatic.net/HJPwN.png