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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

TSX:PWT - Post Discussion

PENN WEST PETROLEUM LTD. > Saudi's playing hardball........
View:
Post by Ricky_C on Mar 14, 2017 8:33am

Saudi's playing hardball........

with other opec, non-opec members and shale producers.  Either we all cut or more pain in the future.  In the space of days WTI from $ 55 down to $ 47.50.  I think they are showing the world they are still THE BOSS.....lol......(i'm long oil...they are destroying future projects period)
Comment by whoLuLu on Mar 14, 2017 9:37am
Law of Supply and Demand to rule. Lowest cost producers will win. Spec Longs are bailing.
Comment by likegrowthstock on Mar 14, 2017 1:40pm
This post has been removed in accordance with Community Policy
Comment by whoLuLu on Mar 14, 2017 1:48pm
this been "shrink stock". past 5 yrs.
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