Penn West help for Mega

[Basil]

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

He does still recommend Penn West and KMP, which was listed either on this thread or another recently. As I recall form recent readings, Arc Energy is his favorite or among them.

Penn West recently cut their dividend by about 30%, but it is still over 20%. I had actually resolved to start getting back into investing in some oil companies just this morning with a position in Penn West. But when I saw it was already up over 4% at the open decided to hang back until it comes back down; if it does.