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PENN WEST PETROLEUM LTD. T.PWT

"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

Post by makedonkaon Jun 20, 2017 7:19pm
163 Views
Post# 26385074

Why The Price Of Oil Is Going To Recover

Why The Price Of Oil Is Going To Recover

"The market consensus is fairly bearish, mainly based on views that may be only partially true.'

"Demand side is strong, inventories not as abundant and the supply capacity is limited at the current price."

'Taking all into account, the higher oil price is needed soon to avoid the supply crunch."
https://seekingalpha.com/article/4082767-6-oil-market-myths-price-oil-going-recover-medium-term

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