Ames Tiedeman

Canadian Oil Sands, Penn West Energy Protected on the Downside

PWE is being given away here. HTE, PGH, PVX and AAV are all highly attractive with this pullback as well. They are all now trading at their lowest levels in months. When oil was $70.00 PGH was over 17.00. It is now under $17.00 and oil is over 120. One of the reasons these issues have dropped so hard is that there is worry on the street about these companies hedging policies and practices. I have been adding to my positions the past 3 trading days and will continue to add, as this fear about hedging is now well built into the stock prices at these levels. This is an opportunity to capture substantial yields for the long haul. (5 to 7 years)