Update On Penn West (PWE) from Zapata George

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Uploaded by on Jan 20, 2008

George gives his year end update on the 2007 Stock Pick.

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News & Politics

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  • likes, 3 dislikes

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

  • uh huh... 82% loss in 09.

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

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

  • 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.

  • 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, 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?

  • 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.

  • 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.

  • 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.

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