Comments on Peter Everds' articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/peter-everds/articles http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-452481 452481 Sun, 05 Apr 2009 12:51:35 -0400
If it goes up, no problem. If it goes down, Conspiracy!

]]> http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-448016 448016 PWE has a NAV of 25.00 a share according to Kurt Wolff. At this juncture > it does not take an inside guy to figure out what is going on: a > scenario where the long suffering shareholder, tired of dividend > cuts and unit price slides, throws in the towel, Nunns and company > buy up the cheap priced shares as much as possible and then sell > to CNR, another Nunns company at or probably below the $25.00 US > NAV, still pocketing a nice windfall in profits. > Who are the unit holders most likely to sell? US investors. With > a rising witholding comming on the Canadian side and a lower distribution > and a tax hike from Obama, the US investor is the sucker of the year > award here. > One last distribution cut should do the job for Nunns and company > along with a declaration of turning PWE into an explorco and not > maintaining a trust. > One final interesting clue: PWE is in the real estate business as > an earlier SA article revealed. PWE has rented and long term leased > space in a new construction project. The leased space exceeds by > 600 thousand square feet the space PWE needs for its bloated 600 > person staff. > Anyone see a new CNR headquarters in the offing here? > Just another conspiracy theory of course.]]> Wed, 01 Apr 2009 12:28:34 -0400 User 213076,
Murray Nunns has nothing to do with CNR. Are you thinking of Murray Edwards? Edwards is heavily involved with CNR and used to be with Penn West but isn't anymore.

On Mar 29 05:31 PM User 213076 wrote:

> PWE has a NAV of 25.00 a share according to Kurt Wolff. At this juncture
> it does not take an inside guy to figure out what is going on: a
> scenario where the long suffering shareholder, tired of dividend
> cuts and unit price slides, throws in the towel, Nunns and company
> buy up the cheap priced shares as much as possible and then sell
> to CNR, another Nunns company at or probably below the $25.00 US
> NAV, still pocketing a nice windfall in profits.
> Who are the unit holders most likely to sell? US investors. With
> a rising witholding comming on the Canadian side and a lower distribution
> and a tax hike from Obama, the US investor is the sucker of the year
> award here.
> One last distribution cut should do the job for Nunns and company
> along with a declaration of turning PWE into an explorco and not
> maintaining a trust.
> One final interesting clue: PWE is in the real estate business as
> an earlier SA article revealed. PWE has rented and long term leased
> space in a new construction project. The leased space exceeds by
> 600 thousand square feet the space PWE needs for its bloated 600
> person staff.
> Anyone see a new CNR headquarters in the offing here?
> Just another conspiracy theory of course.]]> http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-446944 446944 Tue, 31 Mar 2009 15:32:25 -0400
Management has been abysmally poor for years.

Hold if you have it, otherwise, it should be bought just on its own merits, not on what management does or doesn't do. IMO]]> http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-445769 445769 Mon, 30 Mar 2009 19:16:55 -0400 http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-444656 444656 Distribution policy is the same until BoD decides to change it. Then > they announce the change. It seems sleezy reiterating distribution > policy just before you change it, but it may not be sleezy. Beyond > that, there may be good policy reasons to reduce the distribution. > With the radically reduced land and production prices this is a time > to go hunting. It takes money to buy companies and production. Short > term it may seem to hurt unit holders, long term it may deliver a > bonanza. Now (as opposed to last July) is a time to buy!]]> Sun, 29 Mar 2009 22:45:19 -0400

On Mar 29 10:20 PM erewhonman wrote:

> Distribution policy is the same until BoD decides to change it. Then
> they announce the change. It seems sleezy reiterating distribution
> policy just before you change it, but it may not be sleezy. Beyond
> that, there may be good policy reasons to reduce the distribution.
> With the radically reduced land and production prices this is a time
> to go hunting. It takes money to buy companies and production. Short
> term it may seem to hurt unit holders, long term it may deliver a
> bonanza. Now (as opposed to last July) is a time to buy!]]> http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-444643 444643 Sun, 29 Mar 2009 22:20:52 -0400 http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-444537 444537 Sun, 29 Mar 2009 20:04:36 -0400 http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-444478 444478 Sun, 29 Mar 2009 18:29:09 -0400 stock in the oil patch. Guess I just like living in reality...and everything they have said coincides with what I know is true. Yes, I think they have credibility...and if they don't then it really points out to me what is wrong with this market. ]]> http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-444439 444439 Sun, 29 Mar 2009 17:31:41 -0400 Who are the unit holders most likely to sell? US investors. With a rising witholding comming on the Canadian side and a lower distribution and a tax hike from Obama, the US investor is the sucker of the year award here.
One last distribution cut should do the job for Nunns and company along with a declaration of turning PWE into an explorco and not maintaining a trust.
One final interesting clue: PWE is in the real estate business as an earlier SA article revealed. PWE has rented and long term leased space in a new construction project. The leased space exceeds by 600 thousand square feet the space PWE needs for its bloated 600 person staff.
Anyone see a new CNR headquarters in the offing here?
Just another conspiracy theory of course. ]]> http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-444303 444303 Sun, 29 Mar 2009 14:49:38 -0400 http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-444300 444300 Sun, 29 Mar 2009 14:47:13 -0400 http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-444294 444294 Sun, 29 Mar 2009 14:45:44 -0400 http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-444286 444286 Sun, 29 Mar 2009 14:43:56 -0400 http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-444245 444245 Sun, 29 Mar 2009 14:09:21 -0400 http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-444084 444084 Sun, 29 Mar 2009 12:28:21 -0400 Me thinks they are reconsidering cuts by other Canadian Oil Trusts such as PVX and want to follow their example.....yes but what motive?
Greed me thinks!]]> http://seekingalpha.com/article/128357-penn-west-cuts-distribution-but-does-management-have-any-credibility?source=feed#comment-444010 444010 Sun, 29 Mar 2009 11:32:13 -0400 http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-409329 409329 I've owned it pre-collapse, pre-refinery...bought it high and low...it > has 60+ gas stations and is expanding the refinerys capacity...only > problem is getting its heavy to its own refinery...]]> Mon, 02 Mar 2009 10:42:31 -0500 If this is the case, why not take the $2 BN CDN and build/buy a pipeline from their western Canadian oil reserves to the refinery so they can refine their own crude, etc.


On May 06 09:27 AM NOWHEREMAN wrote:

> I've owned it pre-collapse, pre-refinery...bought it high and low...it
> has 60+ gas stations and is expanding the refinerys capacity...only
> problem is getting its heavy to its own refinery...]]> http://seekingalpha.com/article/81586-temple-lanesborough-the-oil-sands-reits?source=feed#comment-188878 188878 Fri, 20 Jun 2008 00:41:18 -0400 http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-183668 183668 Wed, 11 Jun 2008 17:14:42 -0400 Do US investors have to pay the Canadians anything?]]> http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-173432 173432 Sun, 25 May 2008 08:40:17 -0400
Thank you very much.

Sincerely WocoJoe]]> http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-165577 165577 Sat, 10 May 2008 17:21:45 -0400 http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-164472 164472 Thu, 08 May 2008 19:03:07 -0400
Check out this site for scans

www.investorslive.com/.../]]> http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-164421 164421 HTE pays its dividend in Canadian currency. So, when the Canadian dollar rises against the US dollar, the dividend effectively gets a boost. A bunch of people bailed on the company when they dropped the dividend down to C$0.30 per month, but that was when the US dollar was much stronger. In the last 3 months, the value of C$0.30 has gone from US$0.20 to about US$0.31. The relationship between currency fluctuations and stock price is a bit murkier. But, if the US dollar keeps going down like a rock against the Canadian dollar, it's bound to boost revenue for the company, and, theoretically, stock value. ]]> Thu, 08 May 2008 17:33:14 -0400 HTE pays its dividend in Canadian currency. So, when the Canadian dollar rises against the US dollar, the dividend effectively gets a boost. A bunch of people bailed on the company when they dropped the dividend down to C$0.30 per month, but that was when the US dollar was much stronger. In the last 3 months, the value of C$0.30 has gone from US$0.20 to about US$0.31.

The relationship between currency fluctuations and stock price is a bit murkier. But, if the US dollar keeps going down like a rock against the Canadian dollar, it's bound to boost revenue for the company, and, theoretically, stock value. ]]> http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-164420 164420 HTE pays its dividend in Canadian currency. So, when the Canadian dollar rises against the US dollar, the dividend effectively gets a boost. A bunch of people bailed on the company when they dropped the dividend down to C$0.30 per month, but that was when the US dollar was much stronger. In the last 3 months, the value of C$0.30 has gone from US$0.20 to about US$0.31. The relationship between currency fluctuations and stock price is a bit murkier. But, if the US dollar keeps going down like a rock against the Canadian dollar, it's bound to boost revenue for the company, and, theoretically, stock value. ]]> Thu, 08 May 2008 17:33:06 -0400 HTE pays its dividend in Canadian currency. So, when the Canadian dollar rises against the US dollar, the dividend effectively gets a boost. A bunch of people bailed on the company when they dropped the dividend down to C$0.30 per month, but that was when the US dollar was much stronger. In the last 3 months, the value of C$0.30 has gone from US$0.20 to about US$0.31.

The relationship between currency fluctuations and stock price is a bit murkier. But, if the US dollar keeps going down like a rock against the Canadian dollar, it's bound to boost revenue for the company, and, theoretically, stock value. ]]> http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-164046 164046 Thu, 08 May 2008 09:17:38 -0400 http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-163894 163894 Thu, 08 May 2008 01:48:48 -0400 http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-163818 163818 Wed, 07 May 2008 22:20:00 -0400 I see flat per-unit cash flow yoy, may be the comparison looks better in the face of 4q07, and of the pesimistic market expectations.

Old hedges are slowly consumed and replaces by better ones, bit by bit.

The 0.30 distribution monthly was confirmed , and 3.6 $C yearly seems sustainable now, and that makes the 23 dollar/unit very cheap. Even 29 would still be a multiple of 8!]]> http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-163698 163698 Wed, 07 May 2008 17:47:20 -0400 http://seekingalpha.com/article/75830-harvest-energy-trust-not-like-other-refiners?source=feed#comment-163453 163453 Wed, 07 May 2008 12:11:13 -0400
May 06 01:04 PMMy WebsiteALLIED SCIENCE, INCORPORATED
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