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Penn West Energy Trust (PWE) [hlAlert]

down 92.05 %

Penn West Energy Trust (PWE) rated Buy with price target $13 by Standpoint Research

Posted on: Monday,  Nov 11, 2013  3:25 PM ET by Standpoint Research

Standpoint Research rated Buy Penn West Energy Trust (NYSE: PWE) on 11/11/2013, when the stock price was $8.68.
Since then, Penn West Energy Trust has lost 92.05% as of 01/15/2016's recent price of $0.69.
If you would have followed this Standpoint Research's recommendation on PWE, you would have lost 92.05% of your investment in 795 days.

Penn West Energy Trust operates as an open-ended, unincorporated investment trust in Canada. The trust, through its subsidiaries, engages in acquiring, developing, exploiting, and holding interests in petroleum and natural gas properties and assets. Its oil and gas properties are located in the western Canadian Sedimentary Basin and within the provinces of British Columbia, Alberta, Saskatchewan, and Manitoba. As of December 31, 2006, it had proved plus probable gross reserves of 482,560 million barrels of oil equivalent; and had working interests in 20,480 oil and gas wells. Penn West Energy Trust was founded in 1979 and is headquartered in Calgary, Canada.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/11/2013 3:25 PM Buy
8.68 13.00
as of 12/13/2013
1 Week   
1 Month up  2.86 %
3 Months down  -0.80 %
1 YTD down  -0.80 %

(*) Stock Price at the time of the recommendation.
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