Barry Isaacs

Penn West Energy Trust: My $50 Price Target

The recently announced $1.5 billion short form shelf registration to raise capital for various entity purposes usually takes the form of a short term share price dilution for existing holders. Is that your reading too, Jack?
Perhaps the recent weakness in PWE's share price is a reflection, inter alia, of concerns regarding this even as oil prices have stiffened somewhat and gas prices have risen.