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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. > Traders Forcing Stop Losses Pushes WTI To 2017 Year Lows
View:
Post by makedonka on May 02, 2017 3:46pm

Traders Forcing Stop Losses Pushes WTI To 2017 Year Lows

"Traders force stop losses below critical technical level.

Pessimism in the oil markets is unwarranted given the clear evidence in global rebalancing.

April has averaged a total stockpile build of 15 million bbls over the last 7 years. We are flat month-to-date so far."

https://seekingalpha.com/article/4067970-traders-forcing-stop-losses-pushes-wti-2017-year-lows?app=1&isDirectRoadblock=false

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