Key Developments: Penn West Petroleum Ltd (PWE)
10.17USD
24 May 2013
$0.31 (+3.14%)
$9.86
$9.79
$10.24
$9.78
1,895,938
2,953,901
$16.70
$8.59
Latest Key Developments (Source: Significant Developments)
Penn West Petroleum Ltd Announces Appointment Of Chairman
Penn West Petroleum Ltd announced that effective immediately it has appointed Mr. Rick George, as Chairman, and Mr. Allan Markin, as Vice-Chairman. Mr. Jack Schanck, who has acted as Chair on an interim basis, will remain on the Board. Mr. Bill Andrew remains on the Board and will share the Vice-Chairman duties with Mr. Markin. Full Article
Penn West Petroleum Ltd Reaffirms FY 2013 Production Guidance
Penn West Petroleum Ltd announced that for fiscal 2013 average production guidance remains at 135,000 to 145,000 boe per day. Full Article
Penn West Petroleum Ltd Announces Appointment Of New Chairman
Penn West Petroleum Ltd announced that the Board of Directors of the Company has commenced a renewal process. Effective May 1, 2013, Mr. Jack Schanck, a Director of Penn West since 2008, assumed the position of Chairman of the Board. Full Article
Penn West Petroleum Ltd Declares 2013 Second Quarter Dividend
Penn West Petroleum Ltd announced that the Board of Directors has declared a second quarter 2013 dividend of $0.27 per share to be paid on July 15, 2013 to shareholders of record at the close of business on June 28, 2013. Full Article
Penn West Petroleum Ltd Reaffirms FY 2013 Production Guidance
Penn West Petroleum Ltd updated its fiscal 2013 guidance and expects production of between 135,000 and 145,000 boe per day. Full Article
Penn West Petroleum Ltd Announces 2013 First Quarter Dividend
Penn West Petroleum Ltd announced that the Board of Directors has declared a first quarter 2013 dividend of $0.27 per share to be paid on April 15, 2013to shareholders of record at the close of business on March 28, 2013. Full Article
Penn West Petroleum Ltd Issues FY 2013 Production Guidance
Penn West Petroleum Ltd announced that after accounting for the divestment of approximately 13,000 boe per day, production declines associated with limited operational activity in the second half of 2012 and lower peak drilling activity planned for the first quarter of 2013, the Company forecasts fiscal 2013 average annual production to be in the range of 135,000 to 145,000 boe per day. Full Article
Penn West Petroleum Ltd Announces Completion Of Previously Announced Non-Core Asset Divestments
Penn West Petroleum Ltd announced that it has closed its previously announced divestment of non-core assets. In June of 2012, Penn West announced its intention to divest of $1.0 to $1.5 billion of non-core assets. Effective, the last of a number of asset dispositions related to this plan closed for total gross proceeds of approximately $1.3 billion. In addition to these dispositions, we also recently closed a series of minor dispositions. Total proceeds from all sales of approximately $1.35 billion were used to repay outstanding indebtedness on the Company's credit facility. Full Article
Franco-Nevada Corp To Buy Royalty Interest In Oil Field For CAD400 Million From Penn West Petroleum Ltd-Reuters
Reuters reported that Franco-Nevada Corp said it will buy an 11.7% net royalty interest in an oil field in Saskatchewan from Penn West Petroleum Ltd for CAD400 million in cash. The Company said it will buy the royalty interest in the Weyburn oil unit in southeast Saskatchewan. The Company expects the deal to close by November 30. Franco-Nevada, which funded the deal with working capital, provides upfront cash in exchange for future royalties. Full Article
Penn West Petroleum Ltd Declares Fourth Quarter 2012 Dividend
Penn West Petroleum Ltd announced that the on November 1, 2012, our Board of Directors declared a fourth quarter 2012 dividend of $0.27 per share to be paid on January 15, 2013 to shareholders of record on December 31, 2012. Full Article
CANADA STOCKS-TSX extends gains on stronger commodity prices
* TSX rises 46.97 points, or 0.38 percent, to 12,485 * Nine of the 10 main index sectors advance * Penn West jumps after naming directors * Onex climbs after making takeover move By John Tilak TORONTO, May 6 - Canada's main stock index advanced for a third straight session on Monday, led by stronger financial shares and by gains in resource companies after some commodity prices rose. A jump in Penn West Petroleum Ltd also supported the market after the oil and
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