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On 26 June 2017, Penn West Petroleum changed its name to Obsidian Energy.
Penn West Energy Trust paid a high dividend, yielding an annual rate of between 15 and 16% in early 2008; in addition, it paid out monthly, a relative rarity for equities listed on the New York Stock Exchange.
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More recently, the company was hit with a lawsuit regarding allegations of stock option manipulation." Penn West was one of a group of oil and gas producers which also included Advantage, ARC Energy, Baytex Energy, Bonavista Energy, Bonterra, Canadian Oil Sands, Crescent Point Energy, Daylight Resources, Enerplus Resources, Enterra, Fairborne Energy, Freehold Royalty, NAL Oil & Gas, Paramount, Pengrowth, Peyto Energy, Progress Energy, Provident Energy, Trilogy, Vermillion Energy and Zargon Energy who did not pay "federal income taxes if they distributed their income to shareholders." "The resulting double-digit dividend yields grabbed dividend investors’ attention in the mid-2000s.
Eventually the government cracked down and starting in 2011, trusts were required to pay the same taxes as regular corporations.
At age 21, Katherine Swynford became the mistress of King Edward III's son John of Gaunt, in what became one of medieval England's greatest love stories. Henry V: From Playboy Prince to Warrior King by Anne Curry.
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