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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 23, 2017 10:20pm
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Post# 26155532

US drilling growth shows first signs of cooling off at $50

US drilling growth shows first signs of cooling off at $50 "It’s not surprising to see the rig count continue to build from the carry-over from recently higher commodity prices,” Luke Lemoine, an analyst at Capital One Securities in New Orleans, said Friday in a phone interview. “But the rate of change has slowed over the past several weeks. If commodity prices persist here, we expect the rig count to flatten out fairly soon.”

Citigroup Inc. joined Goldman Sachs Group Inc. last week in retaining a strong outlook on commodities, saying oil will probably rally to the mid-$60s by the end of the year."

https://gulfnews.com/business/sectors/energy/us-drilling-growth-shows-first-signs-of-cooling-off-at-50-oil-1.2015417

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