Penn West Energy Trust (PWE)

[ANIA77]

Ok, so I just looked quickly through news and balance sheet.. first of all I think it is safe to say that company definitely is NOT going bk. Management has made all necessary steps to cut down drastically on debt by selling assets and I see also huge improvement in operation costs and other expenses. ..
Even though they sold a chunk of assets, I see they should still have over $ 4B in assets AND debt down to only $600mln per that last PR ..
That's huge.. Loss was already cut down significantly on last Q showing only $100mln loss.. Didn't I just read that by paying off chunk of debt they will save like $100mln on interest? Anyway.. revenue obviously smaller than previously but still pretty good imo.. and most importantly they are on a good track to be profitable. .
Am I right? What else do you know?
OS 500M.. TD Ameritrade shows 20% held by institutions. .. hmm.. I have to think what I would like as en entry here. .
I see CC tomorrow?