Posted on 10/06/09
Penn West to convert to corporation by 2012
Penn West Energy Trust PWT.UN-T plans to convert to a corporation some time in 2012, the firm's chief executive officer said yesterday at the oil and gas producer's annual meeting in Calgary. Federal rules that would tax income trusts at a rate similar to corporations are set to come into effect in 2011.
The full text of this article has 154 words.
To continue reading this article, you will need to purchase this article.
This article is NOT available for licensing for re-use and redistribution.
Already have a member account? Login now


