Please show me the reference to PWE since I only found this:
<< Royalty Trusts � The S&P/TSX Canadian Energy Trust Index dropped 4.3%, while the S&P/TSX E&P Index decreased 5.5%. Year to date, the Energy Trust Index is down 0.2%, compared to a 3.9% increase for the E&P Index and a 6.9%>> increase for the S&P/TSX Composite. � WTI crude oil ended the week at US$93.43/b (C$91.98), a decrease of 2.1% over last week�s close. WTI crude oil has averaged US$68.36/b over the past 12 months and US$69.44/b year to date. AECO natural gas closed the week at C$6.15/mcf, an increase of 11.7% from last week. AECO has averaged C$6.58/mcf over the past 12 months and $6.46/mcf year to date. � We have Outperform ratings on AET, BNP, BTE, COS, CPG, ERF, NAE and PGX. We are currently restricted on CNE and PWT.
Call or email Gordon.Tait@bmo.com CFA 403-515-1501. if you are not a client.They may have been an underwriter for Vault or Canetic which could explain current restriction.Reference comes from BMO Capital markets. reasearch site.Client access only.
I suspect BMO is the Bank of Montreal. This is the organization that Don Coxe is associated with, so I presume this upgrade has his stamp of approval. This would make sense, since Don Coxe has been advocating owning resource stocks that have ample, unhedged reserves in safe locations - this is a definition of the conroys!!