JoelAdams00
Long

PWT.TO oil play

TSX:PWT   PENN WEST PETROLEUM LTD
30 0 2
I am wanting to take advantage of the price of oil             . So i am looked for companies who have the least of amount of hedging, therefore they will move the most because it directly affects them the most.

PWT             and oil             have both created a bit of a double bottom . I became long on April             3rd at 2.19 after the news from Iran talks.
It has crossed the mid term downward trend line .

Will be careful about this long position as if WTI doesn't get to 60 soon and for a solid amount of time PWT             will be bankrupt by the end of the year.
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