stockdoc06

Penn West Energy's Monthly Distribution Keyed to $45 Oil

As I have communicated to the CFO's of several canroys, cutting the dividend all together and eating into the tax pools is the best move they can make. The overhang is that these companies are in a no-man's land caused by their high retail base and looming 2011 structure changes. I am keeping a close eye on AAV who recently announced that they are dropping the dividend and becoming a corporation. Once we have clarity on the future structure of the orgnaization we can have clarity on the investor base and future prospects. Until then I am happy to reinvest my distributions in PWE and PGH because the assets are what they are regardless of structure