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PENN WEST PETROLEUM LTD. T.PWT

"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015, at a ratio of 69% oil/31% gas."


TSX:PWT - Post by User

Comment by Khersonon Jul 03, 2017 5:59pm
183 Views
Post# 26430144

RE:RE:Makedonka...

RE:RE:Makedonka...
makedonka wrote: This from a poster that was named in a defamation suit by a company CEO. Unreal... A leopard can't change it's spots would apply here.

This lawsuit has already been settled as I suspect you allready knew that.
The problem was reported  by Penn West and restated in 2014. Nothing new here, the lawsuit is against two former employees and one of them has already settled the case. The reason Penn West/Obsidian is included in the suit, is because the two individuals were employed by the company at the time.

The rest is history.

I suggest you read the SEC press release and the facts before you spin the story. Then again, your response should come as no surprise to anyone given your history.You have no credibility,as you have proven once again with the lies in your above post here today

Old habits die hard, eh Kherson?










Very good article in today's G&M concerning the SEC charges against PennWest. What is even more interesting is the ASC's stance by disagreeing with the SEC's alleged misdeeds of PennWest.
I have been saying for years that the ASC has not been properly protecting investors and now the SEC has clearly come to the same conclusion by charging PennWest for fraud, while the ASC does nothing!
Kherson


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