Penn West Energy - PWE

[teenwolf41]

A Canadian oil trust company that pays a monthly cash distribution.

Currently holding 150 shares and up 11.84%

[thegreatgate]

Wow! Thanks for the heads up. You just created your account yesterday and you are already on a roll! By the way, welcome to SMC, I hope you stick around.

Now to business. You seem very knowledgeable. I have been looking for a monthly divy play and this looks PERFECT! But do you recommend something else over this?

Let me know when you get the chance cause I'm planning to get in sometime next week.

[BadThad]

Ann. Dividend/Yield $1.66/12.34%

Just be aware that you'll lose some of that to foreign taxes. The yield looks good on paper, but when they suck away taxes it's not all that great.

[teenwolf41]

Originally Posted by BadThad

Ann. Dividend/Yield $1.66/12.34%

Just be aware that you'll lose some of that to foreign taxes. The yield looks good on paper, but when they suck away taxes it's not all that great.

Yea, I understand the tax laws will affect me differently, which is fine because being taxed = actually making money. I don't think I'm so much in it for the dividend other then I'm up 15% in it without even receiving my first dividend payout. So unlike a company like T (which I also own), PWE has a cyclical growth component to it as well.

[teenwolf41]

I added to my PWE position today. Ex-distribution date is tomorrow.