Penn West Energy Trust (PWE)
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PWE Forum Topics
- All Comments on PWE
- General Discussion on PWE
- CANROYs Remain Attractive as Oil-Related Investments [view article]
- High-Yield Canadian Royalty Trusts: What's the Catch? [view article]
- Stocks That Pay Monthly Dividends [view article]
- Oil Price Helps Trusts Sustain Current Rate of Distribution [view article]
- Penn West Energy Q2 Earnings Update [view article]
- Was That a Bottom? Let's Get Real [view article]
- Canadian Oil Sands, Penn West Energy Protected on the Downside [view article]
- Penn West Energy Trust: My $50 Price Target [view article]
- Buy Opportunities Like These Do Not Come Along Very Often [view article]
- $125 Oil Not Sustainable for the Time Being [view article]
- 3 Portfolios for a Steady Cash Flow [view article]
loading ...Recent PWE Articles
- Oil Price Helps Trusts Sustain Current Rate of Distribution
- CANROYs Remain Attractive as Oil-Related Investments
- Penn West Energy Q2 Earnings Update
- Was That a Bottom? Let's Get Real
- Canadian Oil Sands, Penn West Energy Protected on the Downside
- 3 Portfolios for a Steady Cash Flow
- Getting Through the Mess in the Markets
- Can the Dow and S&P Last 15 Rounds?
- Using Oil Trusts to Beat Inflation
- High-Yield Canadian Royalty Trusts: What's the Catch?
- Full List of Articles »
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CANROYs Remain Attractive as Oil-Related Investments [view article]
New downside oil target $93-95. ReplyHigh-Yield Canadian Royalty Trusts: What's the Catch? [view article]
With everyone talking about the new proposed taxes in 2011 for energy trusts etc..I remember a grandfather section that very cleary stated an exemption for royalty trusts previously established and in full operations prior to the passing of the new law..Has that changed??? ReplyHigh-Yield Canadian Royalty Trusts: What's the Catch? [view article]
I seem to remember that when the Canadian govt decided on the new corporate taxes which would affect the canroys, they also had a provision to exempt all companies that were in business and operating as such under the current laws, from the propsed new taxes. Has that changed?? My Canadian accountants advised that they have seen NOTHING that would change the proposals as I was led to believe. Any insight from anyone?? ReplyCANROYs Remain Attractive as Oil-Related Investments [view article]
Yeah, that's my plan. I am planning on buying a market basket of canroy's equalling a single position of 5 positions total for the long haul with my roth ira money getting some of my money out of utilities with a decent gain. ReplyCANROYs Remain Attractive as Oil-Related Investments [view article]
svo, you can consider the distribution safe for now. There is very little they can do to incur more loses on the bottom line short of another dilutive acquisition or very suspiciously low non-core asset sale prices.As long as you view it from the perspective of Income VS Capital gain, you can stop watching it and just let it gather dust. You see, if they cut the distribution, they will be forced into a profit on the bottom line. Reply
CANROYs Remain Attractive as Oil-Related Investments [view article]
I'm the proud owner of some pwe at 27.51, I guess I'll find out if that is a good thing or not. ReplyStocks That Pay Monthly Dividends [view article]
How about BTF? ReplyCANROYs Remain Attractive as Oil-Related Investments [view article]
can the author please give his opinion on a oil service company to the oil sands and oil producers named EIS.UN ie Evereadyincomefund please ? I like the company, its growing incredibly, and pays a dividend of 22% and am think to buy more. Thanks ReplyHigh-Yield Canadian Royalty Trusts: What's the Catch? [view article]
PNW, I follow HTE closely being my largest holding..they are not going forward with this project without a major commitment through a JV and have said definetly not at the expense of shareholders..the project though is of outstanding importance since it means being able to refine heavy and medium sour crude which will be replacing the light sweet crude the oil is running out of - so the future of this project is outstanding..furthermo... HTE has about 1 billion oil as oil sands (which are not included in their recerve or ressource calculations) which of course constitute a good potential too..and they have one of the lowest % of hedges among the Canroys and regarding their gas production (22%) almost completely hedge free..plus a dividend of 17% !! ReplyOil Price Helps Trusts Sustain Current Rate of Distribution [view article]
Regardless of PWE's reasons for selling she is having trouble raising production and the dividend payout.An estimate by CIBC WorldMarkets places an additional 300 to 400 million a year over the next 5 years over and above the current 900 million in development drilling and exploration PWE currently expends. People are just fascinated by the dividend in this stock when more viable and profitable alternatives exist in Crescent Point Energy Trust, ARC Trust, Advantage Trust, Triliogy Trust and Daylight energy Trust where all habve raised production and payouts the last year and have strong projections going forward as well.
Most have had significant to good price appreciation over PWE on unit prices as well. this is where PWE is losing ground on total return. Reply
Oil Price Helps Trusts Sustain Current Rate of Distribution [view article]
Good Article...I am long a number of CanRoys...but they sure can give you gray hairs sometimes...still, that's life in the oil patch... ReplyOil Price Helps Trusts Sustain Current Rate of Distribution [view article]
Jack, thanks for clarifying things, as usual, in your informed and insightful manner. ReplyOil Price Helps Trusts Sustain Current Rate of Distribution [view article]
The idea of selling non-core assets is to get rid of assets providing a low ROI and replace them with something that offers a better return. For example, maybe these 16,000 barrells of production represent high-cost production due to their geology or location.One speculation--PWE made the non-core asset deal a month or two months ago, when commodity prices were much higher. They may be able to replace those non-core assets with others at a lower price, and in places that "fit" their E & P activities better.
Until we know the terms, it's impossible to know if this sale was stupid, brilliant or somewhere in between.
Jack Reply
Oil Price Helps Trusts Sustain Current Rate of Distribution [view article]
I, too, am confused by PWE's sale of 'non-core' assets. After all the acquisitions and the debt incurred in doing so, this seems to be a conflicting strategy. It makes me wonder what is going on.Long PWE. Reply
Oil Price Helps Trusts Sustain Current Rate of Distribution [view article]
Don't expect an increase from PWE, they are about to sell "non-core" assets, IMHO they will be sold at a paper loss. Additionally, their increased debt load will require higher servicing costs. They say the sales will be used to pay down Bank Debt, I believe this.My question is why weren't the Bond sales used instead? They will continue to produce losses on the bottom line but will maintain the dividend for the foreseeable future, 6-12 months down the road or until oil prices climb to levels where they are no longer able to generate losses.
Look for another Company purchase like an AAV which has forward hedges on which losses can be taken.
I am long PWE. Reply