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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 Jun 08, 2017 10:57am
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Post# 26340242

Crazy Contradictions

Crazy Contradictions" I believe that we will see upward demand revisions in the coming weeks. As for oil, we should soon be bottoming for a rebound. The trade and computer algos or algorithm have been focused on technical and we are close to this oversold market getting ready to turn. We may see some weakness but like in early May when we saw a similar sharp break, it was a buying opportunity for a decent snap back."

https://blog.pricegroup.com/2017/06/08/crazy-contradictions-the-energy-report-060817/

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