Penn West Energy Is Going To Excel The production forecast and exit rate has been raised.
Market expectations of lower costs and higher cash flow may be realized this year. Guidance has begun to be increased from initial amounts so the market is salivating.
"Netbacks on the remaining properties are very attractive.
The non-core liquidation of properties is at an end as management concentrates on operational improvements and growth.
Costs are industry leading and compare favorably to companies such as Occidental Petroleum."
https://seekingalpha.com/article/4056549-penn-west-energy-going-excel?app=1&auth_param=4i15t:1cd0034:c231e4d8948658c08d68c7aadeb3f6ba