light reading

Hiya 6, like your research posts on the company and all things pertaining to it.

Check out Penn West Explorations' website( www.pennwest.com ). Go into their operations drop box, then resource plays. See where their Capital Program is being spent through to the end of 2011!

Their second quarter report is also most interesting for us. They acquired Spartan Exploration Ltd for CAD $222, 000,000 in June, which had in turn just acquired a rather handsome landholding in the Pembina area. Mmmm, i think the majors just might be getting the salt and pepper shakers out at the moment, looking at us as a tasty morsel.

I gather looking at your posts on TSV you, like me, see only massive upside on both stocks, due to the world class assets they both have( the difference as i see it holding stocks like these, is that the usual credit constraints aren't there for the majors, even in a contracting credit market such as is about to wash over us again, if they see value in an asset which adjoins or is in the same orbit as theirs, they WILL acquire it.