Bullboard - Stock Discussion Forum 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,... see more

Add To Watchlist

TSX:PWT - Post Discussion

PENN WEST PETROLEUM LTD. > Who is Cheuk Fund Ho

View:

Post by Toast2change on Oct 13, 2016 3:55pm

Who is Cheuk Fund Ho

Anyone?

Comment

Comment by TagTeampaid10 on Oct 13, 2016 4:05pm

This post has been removed in accordance with Community Policy

Comment by Toast2change on Oct 13, 2016 4:16pm

From what I gathered they are a Fund who held a 10% stake in the company and are now dumping thier holdings incrementally...

Comment

Comment by TagTeampaid10 on Oct 13, 2016 4:21pm

This post has been removed in accordance with Community Policy

Comment by Toast2change on Oct 14, 2016 12:38am

https://www.sec.gov/Archives/edgar/data/1334388/000168691716000002/xslF345X03/primary_doc.xml Basically its a financial investor from China named jian qing likely manages the cheuk ho fund. Currently owns 9.8% of PWT. The fund is consistently dumping stock 150k upto 1500k daily. May have been a failed takeover bid, may be averaging down after making significant gains since January, may need to ...more

Comment

Comment by makedonka on Oct 14, 2016 6:03am

Thank you for sharing your thoughts. Indeed, there can be many reasons why CheukFund is selling and not all of them have to be negative. We will know soon enough, Q3 weeks away. What we do know so far is that the stock has held up and and the selling is being bought.Including two very large buy's at the end of the trading day yesterday. Good luck to you.

Comment

Comment by makedonka on Oct 13, 2016 5:02pm

Would you like to share your thoughts as to what the reason could be behind the selling or "dumping" of their position? Interested in all points of view.

Comment

PENN WEST PETROLEUM LTD.