Penn West help for Mega

[Mega]

Hi Guys
I looking for a chart of Penn West share price over the last 12 months or so. What i am after is a look at Share price V oil price and see the relationship.

Cheers
Mike

[touchring]

Re: Penn West help for Mega

Hi Guys
I looking for a chart of Penn West share price over the last 12 months or so. What i am after is a look at Share price V oil price and see the relationship.

Cheers
Mike

it traces the s&p500 more than oil price - http://www.google.com/finance?q=%3Bpwe

[Mega]

Re: Penn West help for Mega

Thanks.
I got some Peen West already, what i was looking for was oil price V share price......as you say its not that conected. Still i might buy a bit more.

Mike

[cobben]

Re: Penn West help for Mega

PWE deflated by WTIC:

http://stockcharts.com/h-sc/ui?s=PWE...d=p85941746475

[touchring]

Re: Penn West help for Mega

Thanks.
I got some Peen West already, what i was looking for was oil price V share price......as you say its not that conected. Still i might buy a bit more.

Mike

i am also watching penn west, waiting to see how possible future cuts in dividends will affect stock prices.

oil price has collapsed but they are still paying out quite a lot. also, they are hedged on oil prices, which may affect revenue after the hedges expire.

[Raz]

Re: Penn West help for Mega

i am also watching penn west, waiting to see how possible future cuts in dividends will affect stock prices.

oil price has collapsed but they are still paying out quite a lot. also, they are hedged on oil prices, which may affect revenue after the hedges expire.

I have research on Penn West and other Canadian Oil & Gas equities and wanted to post it for you and Mega, but I can't upload the file (.pdf).
Each attempt ends with an error. Any ideas as to the problem?:confused:

[Mega]

Re: Penn West help for Mega

Thanks Raz
Am sure Fred might have ideas on how to sort it.
Mike

[Raz]

Re: Penn West help for Mega

Mega-

I think I finally succeeded! I extracted these two pages from a much larger file.

[Mega]

Re: Penn West help for Mega

Thanks Raz
So its "50-50" type thing?

I might just spring for it though, an others i should look at?

Cheers
Mike

[Raz]

Re: Penn West help for Mega

Thanks Raz
So its "50-50" type thing?

I might just spring for it though, an others i should look at?

Cheers
Mike

Yes, there are several that are far stronger. I've managed to extract a few pages from a much larger document (it's 117 pages) and will attach it to this message.

You can get a free chart of these Canadian companies @ http://stockcharts.com
Use the SC (Sharpchart) format. You can plot a weekly bar chart going back three years.

The symbols are: VET/UN.TO and AET/UN.to

[Guest]

Re: Penn West help for Mega

Miker - FWIW, three years ago I was subscribing to a guy called Roger Conrad who writes a letter focused 100% on Canadian trusts. Not just in the energy space, but all of them. He's quite good, and covers a universe of about 50-70 different Canroys. I used his service to cull out a "short list" of those I wanted because I was allocated elsewhere and did not have space for more than two or three of his recos. The two I came up with as my "keepers" were Penn West and precisely Arc Energy Trust (AET-UN.TO). Both of these are likely among the best for the 5 year term in that space.

I rated them as "best for growth with a conservative reserve ratio to share price". I imagine they are outstanding buys after this market meltdown.

However frankly if I was going to invest $10K or $20K on a handful of Canroys and then leave the funds there for three to five years, I'd be pennywise and buy a 3 month trial subscription to Rojer Conrad's letter and make sure they are still on his "good" list. Taking the advice of other non-specialists over the internet is a little bit slapdash, and that includes all of us well intentioned iTulipers. Best to spend a hundred USD once, get the latest word from one of the top specialists in that space, and then if you want you can let those positions ride.

If you plan to hold several Canroys then you'd do well to read his newsletter for six months and get acquainted with the whole lot. He does a thorough review job and points out a lot of insider info on investing in that area.

http://kciinvesting.com/pages/Canadian-Edge.html

[Raz]

Re: Penn West help for Mega

Miker - FWIW, three years ago I was subscribing to a guy called Roger Conrad who writes a letter focused 100% on Canadian trusts. Not just in the energy space, but all of them. He's quite good, and covers a universe of about 50-70 different Canroys. I used his service to cull out a "short list" of those I wanted because I was allocated elsewhere and did not have space for more than two or three of his recos. The two I came up with as my "keepers" were Penn West and precisely Arc Energy Trust (AET-UN.TO). Both of these are likely among the best for the 5 year term in that space.

I rated them as "best for growth with a conservative reserve ratio to share price". I imagine they are outstanding buys after this market meltdown.

However frankly if I was going to invest $10K or $20K on a handful of Canroys and then leave the funds there for three to five years, I'd be pennywise and buy a 3 month trial subscription to Rojer Conrad's letter and make sure they are still on his "good" list. Taking the advice of other non-specialists over the internet is a little bit slapdash, and that includes all of us well intentioned iTulipers. Best to spend a hundred USD once, get the latest word from one of the top specialists in that space, and then if you want you can let those positions ride.

If you plan to hold several Canroys then you'd do well to read his newsletter for six months and get acquainted with the whole lot. He does a thorough review job and points out a lot of insider info on investing in that area.

http://kciinvesting.com/pages/Canadian-Edge.html

Mega-

Lukester is giving good advice. I subscribed to Conrad's service for one year - until I was able to (1) decide which of the CanRoys I wanted to hold (I settled on five companies), and (2) found two separate sources of major research (I found a way to obtain reports from BMO and Raymond-James, Ltd. - Canada). Conrad provided several excellent tables of data on the Canadian Oil & Gas Trusts, carefully compiling info on Reserve Life Indexes, debt and equity issuance, financial strength ratings, etc. And occasionally he would give in-depth coverage on the management and strategy of the companies. BUT, he charged about $400+/year, and I tend to be cheap, so after milking his mind I went looking elsewhere.
He probably offers a Trial Subscription for $50 - $99 or so; I would check it out.

[Mega]

Re: Penn West help for Mega

Thanks Guys
Any forth coming pit falls?
Any hidden MEGA gearing like Badcock & Brown?
Or a chance that the goverment of Canada will hit them with a windfall tax?
Mike

[Raz]

Re: Penn West help for Mega

Thanks Guys
Any forth coming pit falls?
Any hidden MEGA gearing like Badcock & Brown?
Or a chance that the goverment of Canada will hit them with a windfall tax?
Mike

On Halloween 2006 ("All Hallow's Eve", to you Limeys) Steven Harper's government announced that they were ending the favorable tax treatment of the Royalty Trust sector, and that they would be taxed as regular corporations in 2011. Beginning the next day the Toronto Stock Exchange Index of Oil & Gas Trusts lost over 20% of its value. However, many of these trusts have "tax pools" which will offset their tax liabilities for two to five years. Progress Energy Trust has tax pools covering all of its estimated income for ten years! (They recently converted to a corporation and lowered their dividend to C$.40/year, about a 4.0% yield.) I'm attaching a research document from October 2008 (I can no longer access the more recent ones) which has a table showing the extent of the tax pools for the CanRoys.

I believe that all of that issue - and more - is now priced into these companies.

[Mega]

Re: Penn West help for Mega

Thanks again Guys
Am struggling to make head or tail of the charts, in the case of Penn West i am looking for 52 week high/low and div yield?

Must get glasses.
Mike