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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 reshuffle to add political risk premium to oil prices
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Post by makedonka on Jun 21, 2017 8:00pm

Saudi reshuffle to add political risk premium to oil prices

"HELIMA CROFT, RBC CAPITAL MARKETS:The elevation of Mohammed bin Salman to the Crown Prince spot will likely mean minimal change to oil production policy but could bring more aggressive foreign policy moves that bring back the political risk premium.

The rise of MBS will also likely mean even more hawkish foreign policy moves from Saudi Arabia and more intensified efforts to confront Iran.

Hence we contend that region could witness more near-term volatility and heightened risk of military confrontation ... The political risk premiu"

https://www.thenews.com.pk/print/212120-Saudi-reshuffle-to-add-political-risk-premium-to-oil-prices

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