NorCalSavant

The housing industry is going through a crisis. A huge number of individuals holding mortgages are finding themselves unable to pay their upwardly adjusting mortgage payments as I discussed in my earlier post on the credit squeeze, foreclosures and recession. The housing construction has gone into a meltdown with new housing starts at their historic [...]

Since I wrote last about the Penn West Energy Trust (PWE) almost 2 months ago here and here, the price of oil has gone down even further.  After dipping to a low of about $33 per barrel, it is now at about $40 per barrel.  Canroys’ stock prices have taken more beating, and PWE is [...]

The Penn West Energy Trust closed today at $16.96, about a dollar up from the closing price on October 28.  The Canroys seem to be tracking the Dow Jones and the stock market in general.  It makes sense in that the Dow is tracking the economic growth expectations in the market.  If the economic growth [...]

Penn West Energy Trust is one of largest Canadian oil and gas royalty trusts listed on the NYSE. Its estimated production for 2008 is in the range of 195,000 – 205,000 barrels of oil equivalent (boe) per day. At the end of 2007, it had an overall reserve-life-index (RLI) of 10.5 years. Its current management [...]