blanco-dee

Penn West Energy Trust: My $50 Price Target

Jack - what do you think of the prospect of PWE or PGH being likely buyout candidates by the major integrated? I wasn't too surprised when Conococo-Phillips bought Burlington Resources, however I was surprised at the premium they paid.

( Conococo - I type poorly, but it sounds great, I think I'll just start calling them that from now on, it has a nice "commodity bubble" sound to it)