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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (50238)	2/13/2013 2:12:29 PM
From: E_K_S	1 Recommendation Read Replies (2) of 78740

Penn West Petroleum Ltd. (NYSE: PWE) - Moved ERF proceeds into low priced shares Enerplus Corporation (NYSE: ERF) - Peeled off high priced shares I like PWE at it's recent lows for their Alberta Canada Oil and NG assets. This is Western Canada which the market has under valued since there is not easy exit for the oil and/or gas until new pipelines are constructed. Therefore, I continue to build my position selling ERF shares. This is a lateral switch except I feel PWE has better prospects looking ahead. FWIW, if/when LNG is exported from Western Canada, PWE will be a huge beneficiary. This is another reason I continue to build my position. EKS

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