Opinions Michael Smedley
Canetic Resources TrustCNE.UN.TOHOLDDec 12, 2007
Merging with Penn West (PWT.UN-T). Would sit tight as you will gain some $’s. Nice payout.
Michael SmedleyUnknown
$13.89
Stock price when the opinion was issued
investment companiesfunds
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
COMMENT
Just acquired Titan Exploration. Being acquired by Penn West Energy (PWT.UN-T). Recommends that you roll your positions into this company, as it is a great long-term play.
Peter BriegerOwned
investment companiesfunds
HOLD
Being acquired by Penn West Energy (PWT.UN-T). He will take shares rather than cash. Looking out 3 to 4 years, he likes oil and gas. Merged company will have 2 advantages. 1) Tax pools will probably defer any taxes to be paid out on until 2013/2014 and 2) It may be converted back to a corporation and will be a major challenge to other large caps.
Peter BriegerOwned
investment companiesfunds
COMMENT
Merging with Penn West Energy (PWT.UN-T). Penn West is one of the better companies and has a huge supply of undeveloped land. These mergers are very positive, as there is economy of scale.
David CockfieldOwned
investment companiesfunds
HOLD
Being acquired by Penn West (PWT.UN-T). Good acquisition as it gives critical mass of 2000 barrels a day production, capacity to absorb other income trusts and/or oil/gas exploration companies. Also gives them leverage to expand not only outside of Alberta, but into the US. Would wait for the merger to take position before buying Penn West.
Peter BriegerOwned
investment companiesfunds
DON'T BUY
Some concerns about their longer term sustainability. In a bit of a “show me” mode. Made a number of acquisitions leading up to the point where the government changed the rules last year and are going through a bit of an integration mode. Questions if they have deep enough technical focus and drilling inventory. Have a strong US ownership base, so could consider changing to the US.
investment companiesfunds
HOLD
An excellent company going forward. Be prepared for cuts in distributions.
Peter BriegerOwned
investment companiesfunds
