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"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,... see more

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PENN WEST PETROLEUM LTD. > Makedonka...

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Post by Kherson on Jun 28, 2017 9:00pm

Makedonka...

Funny to see that you are more interested in discussing me than the charges now being levelled against PennWest (Obsidian) by the SEC. Personally, I believe that most readers on this SH board want to read and talk about PWT and the SEC instead!
Having said that, I have explained myself many times on this board and others that the lawsuit against me and I believe 8 other posters by St. Elias Mines went nowheres! If you believe otherwise, then so be it! As for where I live, Nova Scotia is my home. Again, so what?
Finally, someone and it may in fact have been you has suggested that the SEC has an agenda. I concur with that statement. But I also believe that there will be more charges by the SEC against individuals and companies who were not involved with the PennWest accounting scandal, but were involved in their own scams of declaring Operating Expenses as Capital Expenses.
The important take-away from today's news is this, why did the accounting firm not pick this up when they did their yearly audits of PennWest's financials?
Kherson

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Comment by TheBiggestWin on Jun 28, 2017 9:18pm

This post has been removed in accordance with Community Policy

Comment by carler888 on Jun 28, 2017 9:29pm

This post has been removed in accordance with Community Policy

Comment by makedonka on Jun 28, 2017 9:38pm

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 ...more

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Comment by Kherson on Jul 03, 2017 5:59pm

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 ...more

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