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

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TSX:PWT - Post Discussion

PENN WEST PETROLEUM LTD. > PWT can still achieve its growth projections at $40

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Post by makedonka on Jun 14, 2017 12:24pm

PWT can still achieve its growth projections at $40

"In Penn West's case, it's on pace to deliver mid-teens production growth this year while only spending about 80% of projected funds from operation. Because of that, the company can still achieve its growth projections at $40 oil this year. Meanwhile, with a vastly improved balance sheet and a large portfolio of high-return drilling locations, the company can deliver steady production growth over the next several years at current oil prices. Finally, with Penn West's stock currently trading at just 5.7 times forward earnings, investors are paying half the price of EOG for that low-cost oil growth."

https://www.fool.com/investing/2017/06/12/bullish-on-eog-resources-inc-youll-love-these-stoc.aspx?yptr=yahoo

Worth a second look.

https://event.on24.com/wcc/r/1436098/9FBBF2030CF35B1E1C440003A08CD207

https://www.pennwest.com/upload/media_element/media_file/434

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