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Canetic Resources Trust (CNE.UN-T)
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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.
investment companies / funds
$13.450
Owned
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.
investment companies / funds
HOLD
Merging with Penn West (PWT.UN-T). Would sit tight as you will gain some $’s. Nice payout.
investment companies / funds
HOLD
Merging with Penn West. He owns Canetic, but not Penn West (PWT.UN-T) and recognizes that this will be a different story, but he is staying with this. Penn West will not be paying taxes anytime soon because of their tax pools. Likes management.
investment companies / funds
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.
investment companies / funds
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.
investment companies / funds
HOLD
Merging with Penn West (PWT.UN-T). If you own the, you will be in a better position as they had been under a lot of pressure. You will also get more visibility, particularly in the US.
investment companies / funds
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 companies / funds
HOLD
An excellent company going forward. Be prepared for cuts in distributions.
investment companies / funds
DON'T BUY
A bit of a “show me” story. 2nd quarter numbers have come in quite strongly. Their capital program is quite significant this year with acquisitions and getting their production on track. Prefers others.
investment companies / funds
SELL
Got the reputation of being an active acquirer and hasn't shaken that reputation yet. Probably better off in a more stable name with less risk of downside.
investment companies / funds
COMMENT
Have fairly decent assets. Feels the market is discounting too much of an effect on cash flows post 2011. Market is forecasting a 31.5% tax rate and he feels it will be closer to 9%.
investment companies / funds
COMMENT
About 55% oil/45% natural gas. Have had some production mishaps. Has grown rapidly, primarily through acquisitions. Debt levels are a bit high. Good management.
investment companies / funds
SELL
Have had problems. Many acquisitions, so too much growth too quickly.
investment companies / funds
DON'T BUY
He had it but sold, because he felt the company would have difficult time maintaining their distribution, and maintaining their production.
Looks a bit better lately, but still something he wouldn't own.
investment companies / funds
Canetic Resources Trust(CNE.UN-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Canetic Resources Trust(CNE.UN-T) Frequently Asked Questions
What is Canetic Resources Trust stock symbol?
Canetic Resources Trust is a OTC stock, trading under the symbol CNE.UN-T on the (). It is usually referred to as or CNE.UN-T
Is Canetic Resources Trust a buy or a sell?
In the last year, there was no coverage of Canetic Resources Trust published on Stockchase.
Is Canetic Resources Trust a good investment or a top pick?
Canetic Resources Trust was recommended as a Top Pick by on . Read the latest stock experts ratings for Canetic Resources Trust.
Why is Canetic Resources Trust stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Canetic Resources Trust worth watching?
In the last year 0 stock analysts on Stockchase covered Canetic Resources Trust. The stock is worth watching.
What is Canetic Resources Trust stock price?
On , Canetic Resources Trust (CNE.UN-T) stock closed at a price of $.
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