Daily Stock Opinions and Ratings

Opinions

Michael Sprung Prime West Energy Trust PWI.UN-T COMMENT Jun 15, 2007

No longer own. In evaluating energy income trusts, they ask, what are their reserves, how successful the company and management has been at finding and replacing those reserves, what is the quality of the balance sheet, ie does the company have the ability to survive a downdraft in the future.Likes to see a production profile that's increasing.

Michael Sprung

Unlock Rating

$23.730

Stock price when the opinion was issued

investment companies funds

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

HOLD

Just announced a merger with Shiningbank (SHN.UN-T).

COMMENT

Merging with Shiningbank (SHN.UN-T). This will be an extremely large, gas focused trust. This will give them better economies of scale. Management team is very strong.

COMMENT

You will start to see a lot of these companies struggle.

DON'T BUY

Merged with Shiningbank Energy (SHN.UN-T). Not particularly a great deal and doesn't represent a significant improvement to Primewest at this point. 13% yield.

COMMENT

3 gas-weighted companies that he feels will cut distributions are Trilogy (TET.UN-T), Advantage Energy (AVN.UN-T) and Prime West (PWI.UN-T).

WEAK BUY

Acquired Shiningbank (SHN.UN-T). Yields are approaching 14%. Wonders about production profile going forward but the acquisition should help. If you are confident on natural gas prices remaining solid, it could be okay. Risk/reward is weak.

COMMENT

Abu Dhabi National Energy is acquiring this company, which is a positive. Other trusts could also be targeted. 2 of his favourites Focus Energy (FET.UN-T) and Progress Energy (PGX.UN-T) are possibilities.

SELL

Has been the subject of her recent takeover from Abu Dhabi’s Taqa. It is almost trading at the deal price. Holding it for the next couple of months will give you a limited distribution. There is a slight bit of deal risk because of Alberta’s royalty review. He suggests you take your profits and run.

BUY ON WEAKNESS

You have to have a 3-year view on this. He would prefer it at $30. Likelihood of increasing dividends.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Michael Sprung Prime West Energy Trust PWI.UN-T COMMENT Jun 15, 2007

You might be interested:

Prime West Energy Trust(PWI.UN-T)

Prime West Energy Trust(PWI.UN-T)

Prime West Energy Trust(PWI.UN-T)

Prime West Energy Trust(PWI.UN-T)

Prime West Energy Trust(PWI.UN-T)

Prime West Energy Trust(PWI.UN-T)

Prime West Energy Trust(PWI.UN-T)

Prime West Energy Trust(PWI.UN-T)

Prime West Energy Trust(PWI.UN-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Michael Sprung

Larry Berman CFA, CMT, CTA

Stockchase Insights

Jim Cramer - Mad Money

Greg Newman