Drilling plans a plus for these two

PENN WEST PETROLEUM LTD. $26.84 (Toronto symbol PWT; Shares outstanding: 453.7 million; Market cap: $12.2 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.0%) is the new name of Penn West Energy Trust after it converted to a corporation on January 1, 2011. Penn West is… Read More

New drilling programs boost their outlook

PENN WEST ENERGY TRUST $19.68 (Toronto symbol PWT.UN; Units outstanding: 452.7 million; Market cap: $8.9 billion; SI Rating: Extra Risk; Dividend yield: 9.1%) is the largest oil and gas trust in North America. It produces an average of 163,700 barrels of oil equivalent per day… Read More

Win from China’s spending spree on crude oil stocks

China Investment Corp. (CIC) continues to catch investors’ attention by making a number of big purchases in the resource sector, including crude oil stocks. CIC is the Chinese government’s “sovereign wealth fund.”

Sovereign wealth funds have been around since the 1950s. They are state-owned investment… Read More

How to spot the best Canadian oil stocks

Oil prices fell from their July 2008 peak of $148 U.S. a barrel to just under $40 U.S. in February 2009. Prices have roughly doubled since then, and oil now trades at about $84 U.S. a barrel.

We think oil prices could rise even further if… Read More

2011 tax may not hurt their distributions

PENN WEST ENERGY TRUST $21.77 (Toronto symbol PWT.UN; Units outstanding: 423.2 million; Market cap: $9.2 billion; SI Rating: Extra Risk; Dividend yield: 8.3%) is the largest oil and gas trust in North America. It produces an average of 170,164 barrels of oil equivalent per day… Read More

Both gain from asset swap

CRESCENT POINT ENERGY CORP. $39.59 (Toronto symbol CPG; Shares outstanding: 202.4 million; Market cap: $8.0 billion; SI Rating: Extra Risk; Dividend yield: 7.0%) and PENN WEST ENERGY TRUST $19.30 (Toronto symbol PWT.UN; Units outstanding: 420.9 million; Market cap: $8.1 billion; SI Rating: Extra Risk; Dividend… Read More

Two oil and gas trusts with 2011 pluses

ARC ENERGY TRUST $19.84 (Toronto symbol AET.UN; Units outstanding: 235.9 million; Market cap: $4.7 billion; SI Rating: Speculative) produces oil and gas in western Canada. Its average daily production of 62,824 barrels of oil equivalent (this measurement includes natural gas) is weighted 49% to oil… Read More

PENN WEST ENERGY TRUST $14.88 – Toronto symbol PWT.UN

PENN WEST ENERGY TRUST $14.88 (Toronto symbol PWT.UN; Units outstanding: 414.2 million; Market cap: $6.2 billion; SI Rating: Speculative) is the largest oil and gas trust in North America.

In the first three months of 2009, lower oil and gas prices pushed down Penn West’s revenue… Read More