CALGARY, ALBERTA–(Marketwire – Nov. 5, 2009) – PENN WEST ENERGY TRUST (TSX:PWT.UN) (NYSE:PWE) is pleased to announce its results for the third quarter ended September 30, 2009

Corporate Strategy

- Penn West continued to focus on positioning the company to move from a trust to a corporate model prior to the end of 2011. In the future we will primarily use a combination of organic growth and dividends to provide a return on capital that will position us with the other senior independent North American oil and gas producers. Prior to the conversion to an exploration and production corporation, we will continue our focus on the advancement of our large scale resource plays within our existing suite of assets. As our results to date are promising, we will allocate a greater portion of our 2010 capital budget to drilling horizontal multi-stage frac wells within our oil resource plays. Our aim is to apply this technology to increase production and reserves from these large resources with a particular near-term emphasis on those plays that focus on crude oil, such as Waskada, Dodsland, Pembina and Leitchville. This will greatly expand our inventory of locations with a focus on reducing risk, while providing the type of scale necessary to move the company forward.

Operations

- Third quarter production averaged 178,124 (1) boe per day and was weighted 59 percent to oil and natural gas liquids.

- Production for the first nine months of 2009 averaged 179,600 boe per day which is at the higher end of our guidance of approximately 175,000 to 180,000 boe per day. During the first nine months of 2009, Penn West had net dispositions of approximately 3,000 boe per day.

- Crude oil and NGL production averaged 104,583 barrels per day and natural gas production averaged approximately 441 mmcf per day in the third quarter of 2009.

- Development capital expenditures were $171 million in the third quarter of 2009 or $142 million net of $29 million of net asset dispositions. In the quarter, we drilled a total of 36 net wells, including 29 horizontal multi-stage frac wells, with a success rate of 100 percent.

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Online bookkeeping services and virtual assistants are an outsourcing strategy that can be used to gain competitive advantage. As a result, they have shot to prominence and firms of various sizes are utilizing them. The most recent recession has made businesses more prudent about how they spend their operating budgets making virtual assistants a hot commodity.

How exactly does using an online bookkeeping service help crush the competition? Paying as low as $5 per hour for online bookkeeping services vs. the typical $30,000 for an in-house bookkeeper yields tremendous cost savings for a small business. A small business owner can use the money saved to (a) beat the competition with lower prices for products and services, (b) invest in additional advertising to outgrow the competition, and (c) prepare better strategic plans.

Small businesses can find it cumbersome to train and retain an in-house assistant or bookkeeper. Further, the effective hourly pay rate for the assistant gets quite high especially if you take into account vacations, health care, sick time, lunch time and bench time. As a result, a in-house assistant is a luxury which small businesses usually cannot afford these days.

Even if a business can afford an in-house assistant, the assistant is usually a jack-of-all trades whose work load can get too much to handle. The in-house assistant can, at that point, off-load work to a virtual assistant who can act as an overflow buffer. A virtual assistant can do just about anything an in-house assistant can do and could be put to good use as an assistant for in-house staff at a fraction of the cost.

On the other end of the spectrum, some small business owners attempt to do everything on their own. Their time could be better spent focusing on business core competency and growing the business. It would be far more efficient to delegate the operational grind to low cost online services which consists of specialists such as bookkeepers, paralegals and administrative assistants. Otherwise, by doing the same tasks that can easily be handled by an online business, the business owner is really working for $5 per hour or less! That doesn’t seem to make good business sense either!

About the Author:

Keeping good financial records has its payoff. In fact, it’s one of the key steps in building a good, and more importantly, successful business. Accurate bookkeeping makes it possible for a business owner to determine the exact financial condition of his company. More significantly, accurate bookkeeping from a small business is often the first step into the realm of top competitors in the ever changing market place.

Large and medium-sized companies have the resources to form an internal accounting department to do the books, which gives management enough time to do the more important parts of business management like formulating marketing strategies and creating new networks. But for small businesses who have limited budget and number of staff members, monthly bookkeeping just seems like such a daunting task, especially if you add it to the list of other duties to keep everything running.
Fortunately, small business bookkeeping doesn’t have to be so grueling anymore. Monthly bookkeeping services are now available online and are quite affordable. This cheap yet effective means of bookkeeping provides the same efficiency and accuracy a private accounting firm gives its clients. Online bookkeeping is a practical way for small businesses to get to where they want to be, when they want to. It’s like professional bookkeeping made to-go!

Online bookkeeping is exactly like doing the books on paper except it’s done faster. It gives the small business owner the same standard set of bookkeeping reports a big company would get from an accounting firm. A basic bookkeeping report, when done correctly, should be able to answer these questions:
1. How much income are you generating every month, and how much will you be expecting in the future?

2. How much cash is under your list of receivables and when will they turn to actual cash?
3. Which of your product lines or services are bringing in the most amount of profit, breaking even, and/or draining your resources?
4. How do the data compare with last year or the last quarter?
5. How do the data compare with projections?
6. How do all these information compare with the competition? Are you leading or falling behind?

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Do you have bad credit and want to refinance your mortgage? Do you owe more than your home is actually worth? Struggling to make your monthly home loan payments? Are you in foreclosure or worried about it? Then President Obamas “Making Home Affordable” plan is perfect for you. This new stimulus program offers mortgage refinancing and modification options to millions of people, regardless of their financial situation. Here is how this stimulus can help you.

This plans goal is to reduce the overall number of foreclosures, help the housing market, and help millions of homeowners get an affordable monthly mortgage payment. The thought behind this program is that a homeowner will make their home loan payments, if they are affordable. That is why this program will help so many people. Homeowners who get a mortgage refinancing or modification through Obamas stimulus will not have to pay more than 31% of their gross monthly income towards their monthly home loan payment. Homeowners will get lower interest rates, a longer home loan length, or both to make payments affordable. There is even a chance that some principal on the actual loan can be reduced. This will save many people a lot of money, and their home from being lost.

Another huge thing that will help homeowners is the help available for people in bad financial or mortgage situations. Using this stimulus program, a homeowner with bad credit, financial hardships, or an upside down mortgage can still get help refinancing a home loan. Homeowners can actually owe up to 25% more than the homes is actually worth, and still get help. This will relieve the stress and inability to pay the monthly mortgage that millions of people are facing.

Overall, this plan will help a lot of people, the entire housing market, and the economy. The benefits and ease of using this plan will help millions of homeowners save money, their home, or both. Taking action and refinancing a mortgage into a better one has never been easier to do. Take action now and secure your financial future.

About the Author:

I have been underwriting mortgages for years. Recently, I got into a new business but I still wish to share my advice, tips, and industry inside happenings of the mortgage refinancing industry.
For more articles on Mortgage Refinance check out my website

The New Good Faith Estimate & HUD Guidelines Effective 1/01/10

The U.S. Department of Housing and Urban Development (HUD) has updated and re-released “Shopping for Your FHA Home Loan: HUD’s Settlement Cost Booklet.”

A large share of content in the 49-page publication, which helps consumers comparison-shop mortgages,
addresses the standardized Good Faith Estimate(GFE) and HUD-1 settlement statement forms that lenders must
start using on Jan. 1, 2010.

HUD estimates that consumers could save almost $700 in costs and fees per loan on average as a result
of the new requirement, which is one of several changes to the Real Estate Settlement Procedures Act (RESPA).

In addition to the updated literature, the agency has set up a RESPA “FAQ” section and other information
on a dedicated RESPA page so that consumers, settlement service providers and lenders can gain a better
understanding of the new rules.

Here is the location of the .pdf of the booklet that you can save or print out for your reference.
http://portal.hud.gov/portal/page/portal/HUD/documents/Settlement Booklet December 15 REVISED.pdf

Lenders are now required to provide loan applicants with the following:

?Good Faith Estimate—provided at the time of application to borrowers to outline the loan terms and
total settlement costs.

?HUD-1/HUD-1A Settlement Statements—to inform borrowers of final costs at settlement.

?Servicing Disclosure Statement—to inform the borrower whether another financial institution
may be servicing their loan.

?Settlement Cost Booklet—provided within three days of application to inform the borrower of fees
involved in home purchase settlement.

There are three categories of charges that a consumer will pay at closing. Some of the charges can change
and the Good Faith Estimate is just that ….AN ESTIMATE! Page 17 of the booklet outlines those charges that
are fixed and will not change, those that they have established a limit whereby the charges can only increase
by 10%, and those charges that have no limits. The charges that are limitless are available on the open market
and the borrow can shop for competitive rates or negotiate these charges as a condition of the contract.

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President Obamas mortgage bailout plan will help millions of people save a lot of money, their home, or both. This program will allow struggling homeowners with financial or mortgage problems to easily get a refinancing into a better more affordable monthly payment. Many homeowners will get lower interest rates, and a home loan payment that they are actually able to make. Here is how this plan works and what you need to know.

This program is designed to help homeowners even if they have bad credit, bad financial problems, no job, or owe more than their home loan is worth. This program works by lowering homeowners payments to an affordable monthly payment that is not more than 31% of a homeowners gross monthly income. This rate includes taxes, insurance, and any homeowner fees. This will be a dramatic reduction in payments for many homeowners and will allow millions of people to avoid losing their home, save a lot of money every month, or both.

To do accomplish this, the Government has set aside over $75 billion to help homeowners. Mortgage lenders and banks who are approved to offer the stimulus programs will get a cash bonus for doing so. This means that help is available even if you have been denied before, have little or negative equity in your home, want to switch loan types, or have a bad credit history. Never before has it been this easy for homeowners in all financial situations to get the help they need.

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So, you’ve decided to go for a mortgage. How do you go about the process of applying, and getting the best mortgage possible? Here are our five top tips that will help you apply for a mortgage, be approved quickly, and wind up with the best terms and rate for your budget.

1. Estimate how much you can pay on a mortgage loan per month, and stick to it.
One of the first things that your lending institution will do is try and decide how much you’re able to pay each month and what your borrowing limits should be. However, it’s not the bank that’s best-able to make this decision, it’s you. When you take out a loan, you’ll need to become aware of all the various hidden or unexpected financial expenses that your lifestyle and your new home will require. Therefore, don’t allow the lender to dictate to you what monthly payment you’ll be able to afford. You tell them, and stick to it. Make sure you leave room for all the important expenses, such as:

• Is your income likely to increase in the near future?

• Have you calculated all the expenses for maintaining your family, such as school costs, medical necessities, and repairs?

• Will your home require you to buy appliances and furniture, or to hire contractors to modify the home?

By making sure that you think through matters such as the above in a thorough way, you’ll help yourself. You’ll be ensuring that you take out a loan that is neither too big, nor too small, to handle the purchase of the home and the cost of living in it.

2. Check your credit score.
There are two reasons to continually monitor your credit score. First, you need to make sure that it’s not falling based on things you’ve forgotten about or overlooked. Secondly, you need to make sure that it’s accurate. There can be occasional gaps in reporting that can result in faulty information that might affect your credit score without your knowledge. There are several factors that can occasionally result in inaccurate credit reports and credit scores. Check your credit score; check the math, check the codes and statuses that are shown for your closed accounts, and check the payment history to make sure that it doesn’t contain inaccurate reports of late payments.

One common mistake is that credit accounts will be reported as charged off or abandoned by the creditor, when, in fact, you closed it willingly with a positive balance. All of these mistakes will damage your credit score, and, as a result, damage your ability to take out a mortgage.

You can communicate directly with the credit reporting agencies in order to correct these mistakes. They will usually be more than happy to help you work out where they went wrong.

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0 APR credit card APR, cash back and optional rewards etc. are several reasons for any one to opt for a good credit card. They are also a useful and a smart way to meet ones financial needs. Most of the credit card companies offer most attractive features to lure their customers.

These credit card companies offer 0 APR credit card for several reasons and in several manners. Many cards offer 0 APR credit card for first six months and after the introductory period is over the regular APR is applicable on any purchases made through the cards. This offer for regular period ranges from 12.49% to 15.99% on such a 0 APR credit card.

Credit companies offering a student credit card offer a 0 APR credit card. Most of the 0 APR credit card offer applies to the student credit card on all purchases, cash advances and balance transfers as long as the student does not default under the card agreement. The 0 APR credit card is offered usually by most reputed banks like Citibank, ABN Amro, Chase, etc. Some merchants also offer 0 APR credit card like British Airways, NorthWest Airlines, Hilton Hotels, etc.

Travel cards offered by various merchants and banks like Chase, British Airways, and etc. offer 0 APR credit card for which the introductory period of 0 APR is applicable for first twelve months. 0 APR credit card of a travel category also offers various other benefits other than 0 APR. These benefits include bonus miles, free flights, hotel stays, extra miles or bonus reward points on purchases from participating merchants. Travel 0 APR credit card are also eligible for redemption of reward points at any of the issuing banks or merchants outlet and also at any of the participating merchants.

0 APR credit card have the 0 APR period on limited to a few months. After the period is over the regular APR applicable on these cards can be fixed or variable. One must look for such a 0 APR credit card for which the regular APR period is most convenient. In a fixed APR credit card offer the finance charges are usually high but there is a bottom line for charging the finances. If the published index goes higher then the fixed APR does not change and finances charged remain the same. IN case of a variable APR after the introductory period is over on a 0 APR credit card, the finance charges are low. The existing APR is determined on the basis of published index on the basis of which the finances are calculated for the existing billing cycle.

Chase Cash Plus Rewards Visa, Discover Platinum Card, Chase Platinum, American Express Rewards Gold Card, Citi Diamond Preferred Rewards Card, The GM Card Mastercard, Discover Platinum American Flag Card, Sony Platinum Visa Card, Citi Driver s Edge Platinum Select Card etc are some of the classic examples of a 0 APR credit card.

http://www.credit-repair.moneybizhome.com

About the Author:

Oli works full time as a Market Analyst.He graduated in Management.He can help you to grow your computer consulting.
http://www.computer-pc-tips.moneybizhome.com/

http://www.moneybizhome.com

Finding the best credit card after bankruptcy is not that difficult, if you know where to look and what to look for.

Let’s start by talking about secured and unsecured credit cards. When it comes to applying for a credit card after bankruptcy one question that a lot of people seem to have is: Should I apply for a secured credit card or unsecured credit card?

In case you don’t know the difference, a secured credit card is “secured” by a special savings account you establish with the credit card issuer which acts as collateral for your credit limit.

For example, you deposit $500 in a special savings account and then have a $500 credit limit. If you default, the credit card issuer simply takes the money in your special savings account.

Unsecured credit cards are just that – unsecured. Meaning the person fills out a credit application and, based on their credit report, income, etc. are approved for a certain credit limit. Of course, they could also be declined depending on the credit card issuer’s guidelines.

So which is best? It depends on your credit history. However, if you apply for a secured credit card you have a higher chance of getting approved versus an unsecured credit card.

But be careful. Not all secured cards are created equal. And to make matters worse, there are tons of banks out there pushing secured credit cards!

So how do you find the best credit card after bankruptcy? Come up with a list of criteria that the secured card needs to meet in order for you to consider it. When I’m researching secured cards, I apply eight criteria. Not many meet these criteria so I’m able to narrow down the choices quickly.

What are the some of the eight criteria? For example, a low interest rate is important. While researching some secured credit cards I ran across one with an interest rate of 23.99% and another with an interest rate of only 9.25%.

This is just one of the criteria I use to find the best credit card after bankruptcy – and look at the potential savings! Over several years you could save hundreds or even thousands of dollars in interest depending on the balance you maintain.

Okay, here’s another criteria: application fees. Again, I found some secured credit cards that have no application fees and one that had a… are you ready for this… $120 application fee! Sadly, people have paid it!

Let me give you one more criteria you can use to find the best credit card after bankruptcy: You want to make sure the secured card issuer reports to all three credit bureaus. But you also want to make sure they report it a certain way.

I don’t have room here for all eight criteria, but hopefully this gives you an idea of some of the things you need to look at when it comes to finding the best credit card after bankruptcy.

By the way, don’t apply for too many credit cards at once. If you do, it can hurt your credit score. That’s why if you’re uncertain as to whether or not you’d be approved for an unsecured credit card it may be better to apply for a secured credit card.

Now you know some steps you can take toward finding the best credit card after bankruptcy!

http://www.credit-repair.moneybizhome.com

About the Author:

Oli works full time as a Market Analyst.He graduated in Management.He can help you to grow your computer consulting.
http://www.computer-pc-tips.moneybizhome.com/

http://www.moneybizhome.com

There are hundred of home loan products available in the market to choose from, and the most important thing is that choosing interest type for the loan affordability. Most of lender offers fixed rate and floating rate for home loan.

With floating rate home loans, the monthly payment fluctuates during the entire term of the loan. This means outgoing can be unpredictable, it can be lower or higher. Floating rate can be great option when interest rate falls down, because the monthly payments will also decreases. If the interest rate goes up, the monthly payments will be higher.

Many people opt for a fixed rate home loan in the sense of financial security. For the fixed rate home loan, the interest rate and monthly repayments are fixed for a set period. It doesn’t change even if the economy of the country changes.

Budgeting the finances is also very much easier, as the borrower knows what has to be paid as monthly payment for the loan. This helps borrower in household budgeting their monthly expenditure as he know that the monthly payment will be same even when the interest rate changes.

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