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PENN WEST PETROLEUM LTD. T.PWE


Primary Symbol: 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

Bullboard Posts
Comment by canada7on May 14, 2007 10:05am
123 Views
Post# 12775313

RE: I have sold PWE - since

RE: I have sold PWE - since Loparn: Great. However, all of the news were dated before November 2006. It is May 2007 now. If this has been a risk, the risk has been placed into PWE SP for over 10 months already. Thus, I still view the recent drop of PWE due to exercise of warrants rather than the risk of its director. Also, technically, these legal matters have nothing to do with PWE, but related to a specific director and his own company (not PWE) only. So far, PWE has risen from 14% from the low in the last few days, breaking through the first resistance now. Also, a great buying opportunity emerges now for EFR. Dropping 5% now, and the warrant exercise period is ending soon, next week. Looks to me the best time to buy is this coming Friday or next week Monday, or any day this week with a big drop.
Bullboard Posts