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Penn West Energy Trust (PWE) [hlAlert]

Rating:
Sell PWE
up 1,901.44 %

Penn West Energy Trust (PWE) rated Sell by UBS

Posted on: Thursday,  Jun 4, 2009  9:25 AM ET by UBS

UBS rated Sell Penn West Energy Trust (NYSE: PWE) on 06/04/2009, when the stock price was $13.81. Since
then, Penn West Energy Trust has lost 95.00% as of 01/15/2016's recent price of $0.69.
If you would have followed this UBS's recommendation on PWE, you would have gained 1901.44% of your investment in 2416 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/4/2009 9:25 AM Sell
None
13.81
as of 12/31/2009
1 Week down  -46.61 %
1 Month down  -50.36 %
3 Months down  -66.79 %
1 YTD down  -91.31 %

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