Alok Swain

Penn West: A Slightly Expensive Replacement for Harvest Energy

Hi Trace Mayer,

I am also in the same position. Own HTE currently and am dissapointed with the acquisition. I thought the CDN $10 is way too low. This company not too long back was trading for CDN $20. Would have at least expected anywhere above CND $15-20 range.

And I am also in the same position that if this merger goes through, I have to redeploy the cash that I get from it. I think PGH is a better bet than PWE. The yields are higher. What are your thoughts on that.

Thanks

Alok