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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
Post by canada7on May 15, 2007 10:47am
321 Views
Post# 12782322

Talked to management

Talked to management Called yesterday, and confirmed that 1) The lawsuits has been around for a long time, not just since August 2006. Thus, it is indeed not a news, but "olds". 2) The lawsuites are not related to PWE in any shape or any form. People knew this for an extended period of time already. Surpised people still mention this at this time. 3)The person is a key assset of the company, and he is the first Hall of Fame in nuclear industry, know the ISL technology of mining Ur. Most people or companies do not know them, and thus it is indeed a blessing to have this person on board. 4) As warrant period has now ended, a stream of good news will come soon. While not giving out specifics, he just said that there are very positive development. I also know that mining cost for PWE for each lb of Ur for PWE is $25. Thus, the profit margin is extremely high, currently at 80%.
Bullboard Posts