Update On Penn West (PWE) from Zapata George

[StockMarketFunding]

I like the video #UN# thanks for sharing. We did a few videos on the subject as well.

[ChesterDoraemon]

uh huh... 82% loss in 09.

[phredhead]

very dangerous to recomend stocks.... this one is a good example. Oil at $40.00 makes this look like a pig

[freaklemon]

That's why you look at buying now (Dec 2008). Buy low, sell high....get it?

[ivangrozny27]

viva Zapata! I'm sure his 08 stock of the year (PMM.V) will also come good eventually. As with most things stock-related, patience is vital.

[YaoMing0011]

PWE has been doing excellent recently, so I think George's prediction was correct when he recommended PWE. I think patient is the key.

[BourneAccident]

Hey,

Use your head. PWE is a new company. Until PWE gets institutional interest, PWE will continue to move sideways at about the $30 range. It doesn't matter how well or profitable the company is. If the institutions aren't buying, you shouldn't be buying either. If you are a short term trader, have fun. If you are a long term "investor", wait. If and when the institutions start to buy, you will be clear to buy.

[phredhead]

BourneAccident, you should have an idea of what you`re talking about re " new company.... they`ve been around for years, and they`re huge. $8 billion capitalization. There`s all kinds of institutional holders. The Canadian Government will tax Income Trusts the same as any "normal " company in 2011.My question is does Pennwest have tax pools which can shelter itself and mantain their current distribution? Also, how will the governments decision re taxation affect Pennwest post 2011?

[hogenshinyu]

I've owned for years. End up with more as it takes over more and more CanRoys. Its become huge, but management problems have plagued it.

The foundation of our whole world's operations is black gold.

[JiveDadson]

I haven't done a lot of research on this, but I do know that the Canadian government is going to change the tax status of investment trusts in a few years. So I guess investors see PWE as a sort of call on oil, that is to say, it has a wasting time-value.

[shaxmatist]

The problem with PWE is not on the balance sheet, it's sitting in Ottawa.

[telomere25]

George....I'm not stressed or concerned about PWE. You directed me to PWE and considering the US interest rates right now, the dividend payout and the price right now is great! Hang in there george....you keep me in the game. Please post some more! I love listening to your step by step explanations!

[SGDeGalvez]

Ive been in PWE for about 3 months, and have been extremely frustrated. Not because the share price has gone down (about 10% in my case), but because nobody can figure out WHY it has gone down. For gods sake, the price to DIVIDEND ratio is below 7! As Zap says, they are executing wonderfully. I see this stock at 90 in 5 years. And 15% to wait!

[swofts45]

Thanks for the update.

[swofts45]

Thanks for the update.

[xms32]

Based on the earnings, this stock looks good but I would need to dive deeper into the balance sheet on this one to feel as confident as you do. My first impression, given the great financials and poor share price, I think you may be buying a nice vacation for the CEO if you invest in this stock. Just my initial thought. I've only spent 10 minutes looking at the financials and I don't know much about the company so don't take my word.

[xms32]

PWE looks like a gamble. I agree with you that this has huge potential for a giant return given the fact, for example, that it's increased over 17% from 05' to 06' and over 95% from o4' to 05' in the financials. The PEG (as I calculated it) doesn't look good....12.73. Share price down drastically isn't a good sign but financials overcome that for me. How much is the CEO taking home annually? Could have an effect. They pay a dividend. Dividends are no good for me. I don't like paying taxes.

[xms32]

woops, sorry george. I posted the wrong comment on the wrong page. sorry.

[xms32]

You were wrong.

[RemiG2006]

George!

Get some rest! You look very tired. Money is worth nothing if your health is in ruin!

Best wishes from EU. And hope to hear from you on FSN.

PS There will be so much pain ahead. Even energy companies with good fundamentals gonna get hit hard! I'm waiting for downtrend correction of about 3-5% and sell-of continuation now.