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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

Comment by whoLuLuon Jun 23, 2017 10:33pm
95 Views
Post# 26400594

RE:whoLu, Since you were in Penn and sold in 2014

RE:whoLu, Since you were in Penn and sold in 2014Oh boy' thats a good one. The SP had recovered from ~ $8 something in the fall of 2013 to ~ $10.50 and I was about even. The Duvernay was up for sale at the time. Makedonka posted a BOE report showing the listing was removed. It didn't sell and they needed to reduce debt. I went elsewhere. A couple of posters who seemed to know the company very well came on this board. Tondalaya and Madinvestor along with the financial debacle convinced me to stay on the sidelines.
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