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Penn West Petroleum Ltd. Message Board

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  • spinergy888 spinergy888 Jan 31, 2013 10:26 AM Flag

    I see little risk of losing money on PWE over the next two years

    I was just doing risk/reward in my head as to why I am buying at this price. There are a number of scenarios that could happen the next several years. If like I think oil and natural gas will head up in price and transportation issues are resolved then PWE will be a HUGE winner. If we have a recession and oil prices stay down and transportation issues are not resolved expeditiously then risk of owning PWE is mitigated by the dividend. So the downside is limited if you hold two years but there is great upside potential.

    Sentiment: Strong Buy

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    • I totally agree with Spin. I have raked in 2500 share at an average price of $11. I thought it bottomed, but obviously it is not. The oil price is high enough (~$100), so that should not be blamed.
      I believe I may not lose much, but I will not make much. I am happy if I have a 10% return a year.

0.66-0.0252(-3.68%)May 31 4:02 PMEDT