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Penn West Petroleum Ltd. Message Board

  • dog01buck dog01buck Dec 15, 2013 10:35 AM Flag

    6.5%+ and going EX-DIVIDEND in just 11 trading days

    I have accumulated a lot here - all under $8.55 - and a sizable chunk as low as $8.22. This "carrot" (dividend) will draw buyers into PWE as the year closes out.

    Jut another message board opinion - do what you want with it...

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    • And interestingly (for traders), this14 cent dividend - if viewed in the context of the 2 weeks of trading remaining this year - is an 42% return on your money if you annualize the "short" 2 week hold for vesting of the dividend....this return goes UP EVERY DAY as the 12/31/13 date approaches.

      The contrarian view of this is analysis would be to argue that the both dividend its proximity are already priced into the shares' current value......but if true, the price (at least when evaluated in a vacuum) must go up....

0.83+0.04(+5.06%)Feb 12 4:02 PMEST