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ARK.V 0SGD.V 0.46AEM.TO -4.78MEQ.TO -1.05TRI.TO 2.93KKR 1.49CGI.TO -0.09KINS -0.06
Daily Stock Opinions and Ratings
Stockchase Opinions

Adam ThomasPrime West Energy TrustPWI.UN.TOSELLOct 05, 2007

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.
Adam ThomasAdam Thomas
No
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$26.29

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BUY ON WEAKNESS

Prime West Energy Trust(PWI.UN.TO)

Aug 05, 2009
You have to have a 3-year view on this. He would prefer it at $30. Likelihood of increasing dividends.
Photo of Peter BriegerPeter Brieger
Owned
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$26.74

Stock price when the opinion was issued

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COMMENT

Prime West Energy Trust(PWI.UN.TO)

Sep 25, 2007
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.
Photo of Peter BriegerPeter BriegerUnlock Rating
$26.46

Stock price when the opinion was issued

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WEAK BUY

Prime West Energy Trust(PWI.UN.TO)

Aug 31, 2007
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.
Photo of Michael SprungMichael Sprung
No
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$21.62

Stock price when the opinion was issued

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COMMENT

Prime West Energy Trust(PWI.UN.TO)

Aug 08, 2007
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).
Photo of John StephensonJohn StephensonUnlock Rating
$20.75

Stock price when the opinion was issued

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DON'T BUY

Prime West Energy Trust(PWI.UN.TO)

Jul 13, 2007
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.
Photo of Michael SprungMichael Sprung
No
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$23.10

Stock price when the opinion was issued

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COMMENT

Prime West Energy Trust(PWI.UN.TO)

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.
Photo of Michael SprungMichael Sprung
No
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$23.73

Stock price when the opinion was issued

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COMMENT

Prime West Energy Trust(PWI.UN.TO)

Jun 11, 2007
You will start to see a lot of these companies struggle.
Photo of Michele RobitailleMichele RobitailleUnlock Rating
$22.72

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COMMENT

Prime West Energy Trust(PWI.UN.TO)

May 15, 2007
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.
Photo of Jennifer StevensonJennifer StevensonUnlock Rating
$22.70

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HOLD

Prime West Energy Trust(PWI.UN.TO)

May 11, 2007
Just announced a merger with Shiningbank (SHN.UN-T).
Photo of Robert FloydRobert Floyd
No
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$23.02

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DON'T BUY

Prime West Energy Trust(PWI.UN.TO)

Jan 05, 2007
Their cash flow is basically royalties collected on production. It is suspected they will not be able to sustain their distributions at current levels. Going forward, he is not sure this is going to be one of the survivors.
Photo of Michael SprungMichael Sprung
No
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$20.94

Stock price when the opinion was issued

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SHORT

Prime West Energy Trust(PWI.UN.TO)

Nov 16, 2006
Steep decline and high debt level. If you own sell. If you want a short position, this would be one.
Photo of John StephensonJohn StephensonUnlock Rating
$22.78

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BUY

Prime West Energy Trust(PWI.UN.TO)

Oct 23, 2006
Some of the royalty trust that he likes includes Prime West Energy (PWI.UN-T), Precision Drilling (PD.UN-T), Advantage Energy (AVN.UN-T).
Photo of Rob CallanderRob Callander
Owned
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$28.38

Stock price when the opinion was issued

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DON'T BUY

Prime West Energy Trust(PWI.UN.TO)

Oct 20, 2006
Lowered distributions twice recently. Not one of the higher quality names. Paying out more than he would like to see.
Photo of Robert LauzonRobert Lauzon
No
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$28.09

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WEAK BUY

Prime West Energy Trust(PWI.UN.TO)

Oct 05, 2006
Hasn't been one of his favourites. Management is okay. Not that bad, but prefers others.
Photo of David CockfieldDavid Cockfield
No
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$26.64

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disclaimer

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: [email protected].

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