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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 Apr 15, 2017 11:19am
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Post# 26124090

Thesis For 2017 (Part III) - International Production

Thesis For 2017 (Part III) - International Production

"Recent data on international rig counts continue to show little increase into 2017.

We anticipate oil production from non-OPEC, non-US production sources to decline in 2017 as depletion and decline rates take their toll;

We differ from IEA's interpretation of the trend line for non-OPEC, non-US production in H2 2017."

https://seekingalpha.com/article/4062410-reviewing-oil-thesis-2017-part-iii-international-production

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