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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

Post by indoubtgetouton Oct 04, 2016 11:36am
117 Views
Post# 25306856

SELL-GET OUT-RUN

SELL-GET OUT-RUNRoberts is 55 years old.   He is a young man.  Rick George is 65.  This is your signal to SELL - get out!.   No matter what PWT's reasoning for Roberts departure - the fact remains he does not see a future at PWT - because there is none!   PWT sold its prize assets to raise cash for the bankers.   Now they are left with the garbage and no "real" working capital.   PWT is likely to go bankrupt - it will just take longer.....SELL, SELL, SELL!!!!!!!!!!!!!!!!!!!!!!!
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