TSX:PWT - Post Discussion
Post by
makedonka on Jun 22, 2017 9:48am
PWT can still achieve its growth projections at $40
And survive INDEFINATLY on $40 oil.
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"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
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