Penn West may pay a large dividend but that is now. Sustainable?? Don't think so. They were big acquirers from 06-08. They have potentially dug a bigger hole then they anticipated. They will need to cut distributions in order to retain the earnings to finance the acquisition costs etc. And like Canadian said, rules for Income Trust's are changing soon and you never know what "Psychological "effect that will have on investor perception. Also, Penn West is mostly a Oil producer, small portion of business is on the Natural gas side. If you want Natural gas exposure look elsewhere. Don't be greedy for dividends, be reasonable.
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