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Penn West Petroleum Ltd. Message Board

  • spinergy888 spinergy888 Jan 31, 2013 6:59 AM Flag

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

    With the emphasis on capital efficiency and cost reductions I think the dividend is safe for the next two years short of a collapse in oil prices. Transportation issues are likely to improve in 2014 and 2015. So the stock would have to trade below $8 for you to be in a net loss position with the dividend payment. This is probably one of the better investments at the moment in my opinion.

    Sentiment: Strong Buy

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