Top 2%
if you wanted to own PWE for its steady very high dividend yield off energy investments this might be an opportunity. stock dropped ~5% earlier today and only reason I could identify was a change to Canadian taxing regulations that has been in the works for a while so should be priced into the stock. (you should double check - i already own the stock so didn't complete the research).
this might be a knee-jerk reaction and might be an opportunity to pick up some shares.
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Top 1%
guliamo
Jul 08 at 12:16 ET
I believe the term "Buying opportunity" is coined a little differently when you already own the stock :)
But I agree that Penn West is a good stock to own and that this drop shouldn't scare us.
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blacktuna
Jul 08 at 12:59 ET
no doubt. hold on to this fund for the dividend.. over time it will swing back to normal price level.
Top 1%
guliamo
Jul 11 at 10:46 ET
you were right - looks like it's coming back up..