I just listened to the latest conference call, and the CEO stated that the shares are currently below book value. The CEO was stated that the company is extremely undervalued based upon it's assets and future potential. The company is looking into a share buybacks. I think we already reached a floor and there is no place but up from here. That is why the Dec 30 Calls are on fire. I recommend buying all you can up to book value. The CEO stated that book value is $34 a share. Hang in there, you will be rewarded soon.
To me, Mr. Andrews sounded very positive about the future. He repeatedly stated that his primary focus will be to increase the stock price and hinted that stock buybacks would be strongly considered. He also stated that C$34 should be considered a floor for the stock price because that was the net asset value for PWE.
Higher intrinsic value is definitely there but my only concern is the falling oil price...
Andrew did a good interview and a I think people can have a lot of confidence in this particular trust, but I suspect the long term future might involve a buyout driven by PWEs oil sands properties which purportedly contain 6-7 billion boe. Did you hear the first question to Mr. Andrew on the call-in? That fellow didn't sound like a unit holder calling, he sounded like a shark.