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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: AFed who wrote (50884)	2/13/2013 8:31:46 PM
From: E_K_S	Read Replies (1) \| Respond to of 78744

Hi AFED - Re: PWE I expect a dividend cut and the stock will probably sell off maybe as far down as $8.50/share. My move today was a lateral move so I wanted to maintain exposure to the market and not try to time my purchase. I do plan to do another add if lower lows are reached. I also own shares in the Pembina Pipeline Corp. Look what they announced today: Pembina Pipeline Corporation Announces Moving Forward with $250 Million Phase 2 Crude Oil and Condensate Pipeline Expansion » This will benefit PWE. However, these pipelines take time build and I am not aware if anything has been funded for a LNG terminal and pipeline to the West Coast (yet..but I am betting that will come too). Therefore, I continue to deploy funds in all of these projects and JV partners. You are right that the markets are pricing this crude at a significant discount to the current WTI rate. I see it as a buying opportunity for those not patient to wait it out. However, that PWE dividend will not hold and must be cut. I just hope that it is priced into the stock but from previous experience the stock will still drop hard and fast if/when they make such an announcement. EKS