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 21, 2017 10:10am

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Post# 26148035

Terror Taxes and Elections

"Oil is struggling to find direction in the aftermath of the French terror attack, worries about the French election and the direction of U.S. tax reform. Crude oil is on track to have its worst week since March even as reports that petroleum demand in the U.S. is at its best level since the financial crisis in 2008 and the likely extension of the OPEC/non-OPEC production cuts. The perception that U.S. shale oil producers will replace OPEC cuts and concerns about the direction of the global economy after a terror attack in France ahead of Sunday’s French election, is causing many traders to keep their powder dry"

https://blog.pricegroup.com/2017/04/21/terror-taxes-and-elections-the-energy-report-042117/

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Changing Europe’s dependency on HREE from China