Analysts' Coverage

Penn West Energy Trust is covered by the analysts listed below. Please note that any opinions, forecasts or recommendations regarding Penn West's performance are made by these analysts and do not necessarily represent the opinions, forecasts or recommendations of Penn West or its management. Penn West does not, by reference to such reports, endorse or concur with such opinions, forecasts or recommendations.

Firm	Analyst
BMO Nesbitt Burns	Gordon Tait
CIBC World Markets	Mark Bridges
Cormark Securities	Jonathan Fleming
First Energy Capital	Jill Angevine
John S. Herold, Inc.	Andrew Byrne
McDep Associates	Kurt Wulff
Merrill Lynch Global Securities (U.S.)	Andrew Fairbanks
Morning Star	Kish Patel
National Bank Financial	Menal Patel
Peters & Co. Ltd.	Jeff Martin
RBC Capital Markets	Gordon Gee & Fergal Kelly
Salman Partners	Jason Crumley
TD Securities	Greg Shaw
Tristone Capital	Cristina Lopez
UBS	Grant Hofer