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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 24, 2017 8:47pm
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Post# 26160227

SA is betting the kingdom's future on higher oil prices

SA is betting the kingdom's future on higher oil prices"To all oil watchers, this reversal in cutting subsidies should signal that the Saudis won't have the will power to cut its fiscal breakeven. As a result, its current fiscal policy is to rely on higher oil revenue in the future. This also coincides with our expectation that global crude inventories will continue to decline, and as a result, oil prices will move higher."

https://seekingalpha.com/article/4064705-saudi-reverses-prior-austerities-signaling-less-political-tensions-budgetary-deficits?app=1&isDirectRoadblock=false
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