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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 25, 2017 7:06pm
100 Views
Post# 26403163

RE:RE:RE:RE:would this count as agressive makedonka

RE:RE:RE:RE:would this count as agressive makedonka
UPDATE Apparently Bankbuyer is still posting - Msg 14397 of 14428 at 6/22/2017 3:17:32 PM by
bankbuyer

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In response to msg 14396 by batman10023 view thread


Re: NA Shale 4mil boed.
"i believe your idea is for them to say (as a group) - our posted price is 60 dollars - feel free to take as much as you like at that price. maybe it's 33mm barrels or maybe it's 30mm. whatever the market needs.

it's a bold idea. maybe it works."

That indeed it my idea. As long as the oil is still raw state, who gives a rat whether it is above or below ground.

This production cut B.S. is a weak move. They need to take speculators out of their ability to move price $10 in a couple weeks.
uyer is still posting - 
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