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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 goldmember1on Apr 11, 2014 1:40pm
276 Views
Post# 22440836

RE:RE:disappointed in response

RE:RE:disappointed in responseWAKE UP PEOPLE!   This stock would of soared on this news prior to this opportunistic "merger" from Azarga.  The only asset, IMO that is desireable is the USA one - the one that just got the licence!  but, sadly this asset has been sidelined and diluted with this deal given Azarga holders 77% of the shares (once deal is complete)

Many held waiting for this major milestone - PWE management chose to dilute the best asset of all in return for assets in some "'Stan" nation that frankly no one wants IMO.

If the stock cant' rally off of this ground breaking news - which it hasn't then.....
Bullboard Posts