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 25, 2017 11:40am

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Post# 26162662

Crude: Shake it Off, Shake it Off

"Yet, it is the decision to reverse the civil service salary and benefit cuts that will likely have the most significant implications for oil. This reversal shows the limits to austerity and more importantly, increases the need for higher oil prices. Thus, we reiterate our view that Saudi Arabia will anchor the extension of the OPEC/non-OPEC output agreement next month."

https://www.barrons.com/articles/crude-shake-it-off-shake-it-off-1493133178

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High-growth stock Happy Belly opens first Rosie's Burgers in Alberta