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Patrick McKeough is one of Canada’s top safe-money advisors. The Wall Street Journal, Forbes and The Hulbert Financial Digest have all recognized his ability to find stocks with hidden value. He is editor and publisher of The Successful Investor, Stock Pickers Digest, Wall Street Stock Forecaster and Canadian Wealth Advisor; inventor of the Quick Profit/Value System and the ValuVesting System™. A best-selling Canadian author, he wrote Riding the Bull, the book that predicted the 1990s stock-market boom.

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Penn West Energy Trust $16.04 – Toronto symbol PWT.UN

December 4, 2008 -  Be the first to comment
Posted by: Pat McKeough Filed in: Aggressive Investing, Growth Stocks, Income Investing, Income Trusts, Royalty Trusts
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PENN WEST ENERGY TRUST $16.04 (Toronto symbol PWT.UN; Shares outstanding: 384.4 million; Market cap: $6.2 billion; SI Rating: Speculative) is the largest conventional oil and gas trust in North America.

In the three months ended September 30, 2008, Penn West’s revenue rose 113.6%, to $1.2 billion from $628 million, largely due to acquisitions. Cash flow per unit rose 20.1%, to $1.73 from $1.44. Penn West trades at 2.3 times cash flow per share based on the 12 months.

Penn West now has average daily production of 190,177 barrels of oil equivalent (weighted 44% to natural gas and 56% to oil). The units yield 25.4%.

Penn West is still a buy.

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Suitable for: Aggressive Investing

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