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Penn West Energy Trust: My $50 Price Target [View article]
I have enjoyed reading your articles, which my brother recently tuned me on to.
If you don't mind a basic question, I was wondering if you could explain the relationship between the funds flow and the reported earnings per share number of $0.22, which appears to have been $.32 below the single analyst estimate for the first quarter. I'm sure a basic question some would have would simply be, how could the first quarter news be very good, and yet be significantly below the estimated EPS.