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macker · 03-08-2009, 03:10 PM

[quote=fotze;1705967]Wholly crap, I didn't realize pennwest was only $7

http://finance.yahoo.com/q/ta?t=1y&l...p=&a=&c=&s=pwe

There is a reason for that price. They cut their payout from 34cents to 21 cents and all conventional oil and gas trusts are dependent on oil prices. They had a recent issue that didn't sell out and they are going to need to raise capital. Struggling to replace production and paying out distributions beyond what it should. A good company but it is definitely not best of breed.

03-08-2009, 03:10 PM	#11
macker First Line Centre Join Date: Apr 2007 Exp:	[quote=fotze;1705967]Wholly crap, I didn't realize pennwest was only $7 http://finance.yahoo.com/q/ta?t=1y&l...p=&a=&c=&s=pwe There is a reason for that price. They cut their payout from 34cents to 21 cents and all conventional oil and gas trusts are dependent on oil prices. They had a recent issue that didn't sell out and they are going to need to raise capital. Struggling to replace production and paying out distributions beyond what it should. A good company but it is definitely not best of breed.