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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. > HE GOT IT RIGHT ..
View:
Post by whoLuLu on Jun 22, 2017 6:24am

HE GOT IT RIGHT ..

2017-01-09
  DON'T BUY Josef Schachter

He would not buy it right now because WTI will get a $10-$20 price erosion this year.  The stock has gone up after people stopped worrying about them being able to repay their debt.  The stock will go down if there is a retreat in the price of oil.
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