Penn West Energy Trust operates as an open-end investment trust in Canada. The company, 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 principally located in the western Canadian Sedimentary Basin within the provinces of British Columbia, Alberta, Saskatchewan, and Manitoba. As of December 31, 2007, Penn West Energy Trust had proved plus probable gross reserves of 750.2 million barrels of oil equivalent; and had working interests in 26,440 gross oil and gas wells. The company was founded in 1979 and is headquartered in Calgary, Canada. PWE FOLLOWS THE OIL MARKET. With a possible deflationary cycle about to hit us it may, or may not, be a while til energy prices take off again. In any case PWE meets all my criteria... Monthly Dividend... Options...Near 52 week low.
$23.76 (09/30/08)
