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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

Comment by makedonkaon Dec 02, 2016 11:14am
80 Views
Post# 25546362

RE:RE:Senate Votes 99-0 to Defy Obama on Iran Sanctions

RE:RE:Senate Votes 99-0 to Defy Obama on Iran Sanctions
Funinthesun1 wrote: Obama and Kerry were fast and loose when making that deal with Iran.  Congress was never involved with anything as Obama was not respected.  This does not come as a surprise.  


makedonka wrote: "Despite Iranian complaints and administration arguments that the move is unnecessary, the U.S. Senate on Thursday approved legislation extending the Iran Sanctions Act (ISA) for another ten years – by a vote of 99-0."

"
Iranian supreme leader Ayatollah Ali Khamenei weighed in last week, saying extending the ISA would violate the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA), and adding that Iran would “definitely react” to the move."

https://www.cnsnews.com/news/article/patrick-goodenough/senate-99-0-vote-sends-iran-sanctions-bill-obamas-desk




Absolutely righ. It will be interesting to see how this all unfolds when Trump takes office and the upcoming Iran elections.

Could have a significant impact on oil prices.
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