Prime West Energy Trust

PWI.UN-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about PWI.UN-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
July 21, 2006
Top Short Doesn't have anything seriously wrong with it but is more of a market hedge. About 70% gas. High level of debt at 2 X debt to cash flow. Believe they will have to issue equity which will be a catalyst to lower the price. Chronically overvalued because it is inter-listed. Good one to short it if you own a lot of oil/gas trusts.
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Top Short Doesn't have anything seriously wrong with it but is more of a market hedge. About 70% gas. High level of debt at 2 X debt to cash flow. Believe they will have to issue equity which will be a catalyst to lower the price. Chronically overvalued because it is inter-listed. Good one to short it if you own a lot of oil/gas trusts.
BUY
BUY
July 18, 2006
Yield is over 10%. A good company. On a valuation basis, he hasn't bought it.
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Yield is over 10%. A good company. On a valuation basis, he hasn't bought it.
DON'T BUY
DON'T BUY
June 2, 2006
Have sold most of his holdings. A candidate to cut distributions. 75% of their production is gas. If you are buying, try to get it below $30.
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Have sold most of his holdings. A candidate to cut distributions. 75% of their production is gas. If you are buying, try to get it below $30.
DON'T BUY
DON'T BUY
February 10, 2006
One of the worst in their susceptibility of a distribution cut in a weaker commodity environment. A lot of this is priced into the stock. Overpriced because of its exposure to the US investors.
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One of the worst in their susceptibility of a distribution cut in a weaker commodity environment. A lot of this is priced into the stock. Overpriced because of its exposure to the US investors.
WEAK BUY
WEAK BUY
December 28, 2005
Likes the natural gas sector. There are others he prefers better.
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Likes the natural gas sector. There are others he prefers better.
DON'T BUY
DON'T BUY
October 20, 2005
There are better candidates out there than this one. It has done very well. Had some problems several years ago by paying too much for some acquisitions. Had a good management change.
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There are better candidates out there than this one. It has done very well. Had some problems several years ago by paying too much for some acquisitions. Had a good management change.
BUY
BUY
April 29, 2005
Haven't been a big fan of them in the past. Made expensive acquisitions which were dilutive to their other shareholders. Looking more like a potential turn around candidate. Now reviewing them.
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Haven't been a big fan of them in the past. Made expensive acquisitions which were dilutive to their other shareholders. Looking more like a potential turn around candidate. Now reviewing them.
WEAK BUY
WEAK BUY
April 22, 2005
A mid-tier trust. Had a string of some pretty expensive acquisitions. New management team is starting to turn it around. Seeing an improvement of the reserve life. Would like to see a lower payout ratio and maintain production on a more cost efficient basis.
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A mid-tier trust. Had a string of some pretty expensive acquisitions. New management team is starting to turn it around. Seeing an improvement of the reserve life. Would like to see a lower payout ratio and maintain production on a more cost efficient basis.
WEAK BUY
WEAK BUY
April 1, 2005
Although the new management team is improving the fundamentals, clearly with a higher payout ratio and a little higher cost structure and as a result has a lower net operating cash flow, it's not going to benefit from higher commodity prices as much as some of its peers.
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Although the new management team is improving the fundamentals, clearly with a higher payout ratio and a little higher cost structure and as a result has a lower net operating cash flow, it's not going to benefit from higher commodity prices as much as some of its peers.
DON'T BUY
DON'T BUY
March 30, 2005
More gas weighted than oil. Not a big fan. Made a number of acquisitions that were fully priced.
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More gas weighted than oil. Not a big fan. Made a number of acquisitions that were fully priced.
WEAK BUY
WEAK BUY
February 24, 2005
75% natural gas which he likes. Not happy about the year over year declining production on a per unit basis. Wouldn't be their 1st choice. Prefers Bonvista (BNP.UN-T), TKE Energy (TKE.UN-T), Focus (FET.UN-T)and Peyto (PEY.UN-T).
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75% natural gas which he likes. Not happy about the year over year declining production on a per unit basis. Wouldn't be their 1st choice. Prefers Bonvista (BNP.UN-T), TKE Energy (TKE.UN-T), Focus (FET.UN-T)and Peyto (PEY.UN-T).
VAGUE
VAGUE
December 17, 2004
There is a very significant oil/gas portfolio package that is for sale and is literally right in Prime West's back yard. If they are the purchasers, they'll have to do another equity issue which could depress the price.
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There is a very significant oil/gas portfolio package that is for sale and is literally right in Prime West's back yard. If they are the purchasers, they'll have to do another equity issue which could depress the price.
Ben Cheng

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Price
$27.730
Owned
Unknown
SELL
SELL
September 29, 2004
Likes it, but the market doesn't. Would probably switch into Peyto, Focus, Acclaim or Shining Bank.
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Likes it, but the market doesn't. Would probably switch into Peyto, Focus, Acclaim or Shining Bank.
HOLD
HOLD
September 15, 2004
A sector underperform. Have had difficulty in keeping their production and reserves per unit on a reasonable decline level. New management team is very good.
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A sector underperform. Have had difficulty in keeping their production and reserves per unit on a reasonable decline level. New management team is very good.
BUY
BUY
July 20, 2004
For a long time, he didn't like this company because management was always trying to hit home runs. New management has been building reserves. Very cast oriented.
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For a long time, he didn't like this company because management was always trying to hit home runs. New management has been building reserves. Very cast oriented.
Showing 16 to 30 of 123 entries