herve villachaeze

CANROYs Remain Attractive as Oil-Related Investments

The 3 CanRoys I own are PWE, PVX and ERF. Great dividend yields and hoping for growth in the stock prices. I would add to ERF south of 38, PVX south of 10, and PWE south of 27.

CANROYs Remain Attractive as Oil-Related Investments

Jack I don't see Enerplus (ERF) in your recommended basket - are you still recommending ERF? I'm looking to add to my position south of 38, your thoughts?

CANROYs Remain Attractive as Oil-Related Investments

Thanks Jack, I guess I assumed it was not a "blowout" since the stock has declined, but apparently there's no correlation, since all the other oils have dropped too. I'm impressed by ERF here, seems well-managed. Low debt levels and an increase in their payout. Juicy 15% divy as well.

CANROYs Remain Attractive as Oil-Related Investments

Jack, in June you said if oil stayed above $120 that PWE would have a blowout quarter. Oil did average over $120, but PWE did not deliver a good quarter. Can you provide some insight and analysis into PWE’s results, and discuss specifically why they did not make the numbers you were expecting? Thanks.

Canadian Oil Sands, Penn West Energy Protected on the Downside

JACK, WOULD LOVE TO KNOW YOUR THOUGHTS ON PWE?

Canadian Oil Sands, Penn West Energy Protected on the Downside

This is very dissapointing for those of us long PWE. How do they not perform well with oil at 120-140 for Q2? Points to poor management. I'm much more impressed by Enerplus's (ERF) results, seems like a very well managed company. I'm looking to add to my position in ERF south of $39.

Canadian Oil Sands, Penn West Energy Protected on the Downside

JACK, Can you interpret PWE's earning release for us? How does it compare with your forecasts? Thanks!

Canadian Oil Sands, Penn West Energy Protected on the Downside

UH-OH! Enerplus (ERF) today announced a huge quarter, a 12% increase in it's dividend, and the market.....yawned!? What gives? I know its a down day (dow currently down 180), but still! Does this not bode well for PWE tmrw?

Penn West Energy Distributes High Income Rate to Shareholders

JACK: Q2 is over, what were the average prices for oil and natgas?

Penn West Energy Distributes High Income Rate to Shareholders

Jack, thanks for the information!

Southern Copper's Stock Split Doesn't Hurt Its Fundamentals One Bit

I own PCU, but watch out. Sometimes companies will make a move like this to boost shares prior to bad news. Don't underestimate their production problems - this quarter could come in pretty light.

Penn West Energy Distributes High Income Rate to Shareholders

Jack: This is from the May 6 earnings release. I read into this that they are pleased to be able to keep the payout the same and apply cash elsewhere. "Penn West's funds flow is expected to be $2.7 billion to $2.9 billion for this year. Should commodity prices remain reasonably close to the current forward strip prices, our payout ratio would remain below our targeted range. This lower payout ratio(1) would afford us the opportunity to apply additional funds to debt repayment, adding strength to our balance sheet(2)."

Penn West Energy Distributes High Income Rate to Shareholders

Regarding PWE's dividend, write this down: PWE does not want to increase the dividend (based on comments made in the last earnings release), will not increase the dividend, and should not increase the dividend. They have other plans for the cash, and at 12%, it's enough.

Buy Opportunities Like These Do Not Come Along Very Often

Regarding PWE's dividend, write this down: PWE does not want to increase the dividend (based on comments made in the last earnings release), will not increase the dividend, and should not increase the dividend. They have other plans for the cash, and at 12%, it's enough.

Penn West Energy Distributes High Income Rate to Shareholders

I own and love PWE, but what about the P/E? Yahoo Finance lists it at 58. If this is correct, is this high? Anyone worried about it being overpriced when the majors like XOM have P/E's around 12?