Penn West Energy Trust Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

April 2024 | 50 pages | ID: P520EA3B0D4BEN
BAC Reports

Abstracts

Penn West Energy Trust Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Penn West Energy Trust and its competitors. This provides our Clients with a clear understanding of Penn West Energy Trust position in the Energy Industry.

• The report contains detailed information about Penn West Energy Trust that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for Penn West Energy Trust. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The Penn West Energy Trust financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes Penn West Energy Trust competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Penn West Energy Trust business.

About Penn West Energy Trust

Penn West Energy Trust engages in acquisition, development, exploitation, and holding of interests in petroleum and natural gas properties and assets in Canada.

Oil and Natural Gas Properties

The company participates in the exploration for, and the development and production of, oil and natural gas principally in western Canada. Its majority of its proved plus probable reserves are located in Canada in the provinces of Alberta, British Columbia, Saskatchewan and Manitoba, and in the Northwest Territories. It also has minor proved plus probable reserves interests in the United States in the States of Montana, Wyoming and North Dakota.

The company’s production and reserves are attributed to approximately 400 producing properties. Its operations are managed based on five major operating regions, including Southern District; Central District; Eastern District; North West Alberta District; and Northern District.

Southern District

The Southern District runs within the southern boundaries of Manitoba, Saskatchewan and Alberta. This district also contains minor operations and land positions in the states of North Dakota, Wyoming and Montana. As of December 31, 2009, the company had a developed and undeveloped land position of approximately 1.7 million net acres in the Southern District. It drilled 52 new wells in the Southern District in 2009.

In 2009, the company’s focus was on the assessment of the Lower Amaranth pool in the Waskada area of Southwest Manitoba where Penn West drilled seven horizontal multi-stage fracture wells and continued to aggregate lands in this tight light oil play. Also in 2009, the company worked on optimization opportunities in Penn West's legacy asset base in Southeast Saskatchewan and participated in the Weyburn unit operated by Cenovus Energy Inc., which is under CO2 flood for enhanced oil recovery. Penn West holds a 21% interest in this unit.

In Southwest Saskatchewan, the predominant play for Penn West in 2009 was the Leitchville (Lower Shaunavon horizon) tight medium oil play. In 2009, Penn West drilled 28 wells in the Lower Shaunavon horizon. In Southern Alberta, Penn West drilled 6 new wells in 2009, targeting mainly the Viking and Colony zones, as well as 18 re-entry wells in the mid-Mannville horizons.

Eastern District

The Eastern District straddles the Saskatchewan and Alberta border and is north of the Southern District. This district contains most of Penn West's heavy oil properties.

As of December 31, 2009, the company had a developed and undeveloped land position of approximately 1.0 million net acres in the Eastern District. It drilled 19 new wells, including 2 stratigraphic test wells. In 2009, Penn West divested certain heavy oil assets in the Wainright area that were producing approximately 6,000 boe per day.

Central District

The Central District runs from the eastern border of the Eastern District and stretches from northeast of Edmonton to north of Calgary and runs west to the foothills of Alberta. As of December 31, 2009, the company had a developed and undeveloped land position of approximately 1.5 million net acres in the Central District. In 2009, Penn West drilled 14 new wells in this district.

The Cardium assets are key properties for Penn West in the Central District. The company drilled four producing Cardium wells in the Pembina field in 2009. The company involved in various commercial CO2 flood projects throughout Western Canada, including the Joffre area in Alberta and the Weyburn and Midale areas in Saskatchewan.

North West Alberta District

The North West Alberta District is located north of Edmonton and is bounded by the British Columbia border to the west. As of December 31, 2009, the company had a developed and undeveloped land position of approximately 1.0 million net acres in the North West Alberta District. In 2009, Penn West drilled seven new wells in this district.

Northern District

The Northern District includes northeastern British Columbia, the northwestern corners of Alberta (including the Peace River Arch) and southwestern Northwest Territories. As of December 31, 2009, the company had a developed and undeveloped land position of approximately 1.4 million net acres in the Northern District.

A major asset for Penn West, located in the most northern portion of the Northern District, is the Wildboy area, a legacy grassroots Penn West exploration and development property with all weather access roads, which targets natural gas production. The Wildboy area is served by a natural gas plant and sales pipeline that is 100 percent owned and operated by the company and connects to the TransCanada pipeline system in Alberta.

In the immediate area of its Wildboy field and gas plant, the company is testing and evaluating the potential of a shale gas play in the Cordova Embayment, located east of the Horn River development. In 2009, Penn West completed and tested a well to collect data on this play.

Significant Events

In 2009, the company acquired Reece Energy Exploration Corp.

In 2009, the company completed the disposition certain heavy oil assets located primarily in the Lloydminster area of Alberta and Saskatchewan.

In May 2010, Penn West Energy Trust announced that it has entered into an agreement with a wholly-owned subsidiary of the China Investment Corporation to form a joint venture that would develop Penn West's bitumen assets located in the Peace River area of northern Alberta.

History

Penn West Energy Trust was founded in 1979.

The above Company Fundamental Report is a half-ready report and contents are subject to change.
It means that we have all necessary data in our database to prepare the report but need 2-3 days to complete it. During this time we are also updating the report with respect to the current moment. So, you can get all the most recent data available for the same price. Please note that preparation of additional types of analyses requires extra time.

Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. PENN WEST ENERGY TRUST COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. PENN WEST ENERGY TRUST BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. PENN WEST ENERGY TRUST SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. PENN WEST ENERGY TRUST FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. PENN WEST ENERGY TRUST COMPETITORS AND INDUSTRY ANALYSIS

5.1. Penn West Energy Trust Direct Competitors
5.2. Comparison of Penn West Energy Trust and Direct Competitors Financial Ratios
5.3. Comparison of Penn West Energy Trust and Direct Competitors Stock Charts
5.4. Penn West Energy Trust Industry Analysis
5.4.1. Energy Industry Snapshot
  5.4.2. Penn West Energy Trust Industry Position Analysis

6. PENN WEST ENERGY TRUST NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. PENN WEST ENERGY TRUST EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. PENN WEST ENERGY TRUST ENHANCED SWOT ANALYSIS²

9. CANADA PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. PENN WEST ENERGY TRUST IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. PENN WEST ENERGY TRUST PORTER FIVE FORCES ANALYSIS²

12. PENN WEST ENERGY TRUST VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

Penn West Energy Trust Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
Penn West Energy Trust 1-year Stock Charts
Penn West Energy Trust 5-year Stock Charts
Penn West Energy Trust vs. Main Indexes 1-year Stock Chart
Penn West Energy Trust vs. Direct Competitors 1-year Stock Charts
Penn West Energy Trust Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

Penn West Energy Trust Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
Penn West Energy Trust Key Executives
Penn West Energy Trust Major Shareholders
Penn West Energy Trust History
Penn West Energy Trust Products
Revenues by Segment
Revenues by Region
Penn West Energy Trust Offices and Representations
Penn West Energy Trust SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
Penn West Energy Trust Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
Penn West Energy Trust Capital Market Snapshot
Penn West Energy Trust Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Energy Industry Statistics
Penn West Energy Trust Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
Penn West Energy Trust Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?