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Penn West Petroleum Ltd. Message Board

  • phoenix773 phoenix773 Mar 27, 2009 9:01 AM Flag

    The worst part of it

    The worst part of this cut was I predicated it back quite some time and took a lot of flack for it.

    I am truly sorry that many investors to PWE got "taken" by the rosy management position of the distribution. I saw this happen with another Canadian Trusts last year and knew that wasn't a one time deal. I saw Trust management do a 180 run around unit holders and there was not a think the investor could do except sell the damn shares and move on.

    PWE management were very deceptive in their guidance. Not a reason to keep the shares.

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