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Penn West Petroleum Ltd. Message Board

  • infinitidrivr infinitidrivr Jan 31, 2013 11:37 AM Flag

    Income/Value

    Recent conference call by PWE states cash flow/distribution coverage is 1.3X, a good sign that the dividend will continue. Recently, Mr. Chudley, a newsletter author and value investor in Canada oil/gas, wrote....PWE has the largest holdings of unconventional oil resrves in Canada than anyone. I'm not sure exactly what that means but last I read, unconventioal oil reserves in Canada was something like 170 billion barrels. As a value and income investor without any need for the cash, I now own over 5000 shares with no intention of ever selling.

    Sentiment: Buy

 
PWE
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