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PENN WEST PETROLEUM LTD. T.PWT

Energy Oil & Gas E&P

"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

PENN WEST PETROLEUM LTD.

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Post by makedonkaon Mar 28, 2017 7:15pm

150 Views

Post# 26043482

The Way The EIA Counts Oil Inventories Is Misleading

I have been shown something that might be leading to inflated EIA inventory counting.

Domestic oil production levels and how they are counted are to blame.

These inflated inventory levels might be wrongly giving impression the oil glut is bigger than it is.

"I would like to very clearly state that much of the information and the thesis of this article comes from work presented to me by poster Taylor on theInvestorVillage.com Energy Investing board. Without his work and sharing, this article would not have been written."

https://seekingalpha.com/article/4058643-minor-detail-way-eia-counts-oil-inventories-might-misleading-investors?app=1&isDirectRoadblock=false