REFILE-Penn West posts smaller loss on asset sale gain
Feb 14 (Reuters) - Penn West Petroleum Ltd, one of western Canada's largest conventional oil and gas producers, posted a smaller fourth-quarter loss on gains from asset sales.
Net loss for the quarter was C$53 million ($52.87 million), or 11 Canadian cents per share, compared with a loss of C$62 million, or 13 Canadian cents per share, a year earlier.
Gross revenue fell 18 percent to C$799 million.
Production for the quarter was 153,931 barrels of oil equivalent per day (boe/d), down from 168,801 boe/d a year earlier.
- Malaysia Airlines plane missing at sea off Vietnam, presumed crashed |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Malaysian plane crashed off Vietnam coast: state media