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Penn West Petroleum Ltd (PWE)

PWE on New York Consolidated

1.45USD
26 May 2017
Change (% chg)

$0.00 (+0.00%)
Prev Close
$1.45
Open
$1.48
Day's High
$1.50
Day's Low
$1.44
Volume
1,895,293
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1,502,723
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$2.05
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$0.63

Latest Key Developments (Source: Significant Developments)

Penn West says transitioned to a reserve-based syndicated revolving credit facility
Thursday, 18 May 2017 02:18pm EDT 

May 18 (Reuters) - Penn West Petroleum Ltd ::Penn West closes new reserve-based credit facility.Transitioned to a reserve-based syndicated revolving credit facility with a group of nine lenders.Initial revolving period of credit facility ends on May 17, 2018.Underlying borrowing base is $550 million, less amount of outstanding pari passu senior notes.Credit facility has additional 1 year term out period, is subject to semi-annual borrowing base redetermination in May, Nov of each year.  Full Article

Penn West Q1 earnings per share C$0.05
Thursday, 4 May 2017 06:30am EDT 

May 4 (Reuters) - Penn West Petroleum Ltd ::Penn West Petroleum Ltd - reiterating 2017 production guidance.Penn West announces strong first quarter 2017 financial and operational results.Q1 earnings per share C$0.05.Penn West Petroleum Ltd - remains on track to generate double-digit organic production growth from q4 of 2016 to q4 of 2017.Penn West Petroleum Ltd - sees 2017 total capital expenditures of $180 million.Penn West Petroleum Ltd - q1 total production 34,900 boe/d versus 77,010 boe/d.Penn West Petroleum Ltd - qtrly funds flow from operations per share $0.11.  Full Article

Penn West qtrly loss per share $0.46
Wednesday, 15 Mar 2017 06:00am EDT 

Penn West Petroleum Ltd : Penn west announces its financial and operational results for the year ended december 31, 2016 and 2016 reserves results . Qtrly loss per share $0.46 . In 2017, company plans to self-fund a $180 million capital program . Penn west petroleum ltd- are increasing full year 2017 average production guidance to 30,500 - 31,500 boe per day . Penn west petroleum ltd- anticipate our 2017 capital program will be paid for fully with funds flow from operations . Penn west petroleum ltd - retained production in key development areas in q4 of 2016 increased by about 3,500 boe per day to 28,655 boe per day . Penn west petroleum ltd qtrly funds flow from operations $ 0.10 .Penn west petroleum ltd qtrly total production 38,481 boe/d versus 77,398 boe/d.  Full Article

Penn West announces new Chief Executive Officer
Tuesday, 4 Oct 2016 06:30am EDT 

Penn West Petroleum Ltd : Penn West announces new Chief Executive Officer, David French, to succeed Dave Roberts . French will be joining as President and CEO and will join board of directors with effect from October 24, 2016 . French most recently served as President and CEO Of Bankers Petroleum Ltd .Roberts will continue to lead Penn West in October.  Full Article

Penn West offers to prepay $448 mln of senior notes at par
Monday, 3 Oct 2016 06:30am EDT 

Penn West Petroleum Ltd : Penn west offers to prepay $448 million of senior notes at par . Total principal amount of senior notes currently outstanding is approximately $576 million prior to prepayment offer . Total principal amount of senior notes currently outstanding is approximately $576 million prior to prepayment offer . Expect pro-forma senior debt at end of Q3 to be reduced to approximately $470 million from $2.0 billion at year-end 2015 . Expect to remain in full compliance with all of financial covenants going forward into 2017 . Expect to complete prepayment process prior to releasing our Q3 financial and operating results in early November .If prepayment offer is not fully accepted by noteholders, intend to use unallocated cash to reduce debt under revolving bank credit facility.  Full Article

Penn West announces financial and operational results for Q2
Thursday, 4 Aug 2016 07:12am EDT 

Penn West Petroleum Ltd :Announces its financial and operational results for the second quarter ended June 30, 2016.  Full Article

Penn West announces financial and operational results for Q2
Thursday, 4 Aug 2016 06:42am EDT 

Penn West Petroleum Ltd :Announces its financial and operational results for the second quarter ended June 30, 2016.  Full Article

Teine Energy announces significant asset acquisition
Friday, 10 Jun 2016 07:06pm EDT 

Teine Energy Ltd: Transaction will be funded by Canada Pension Plan Investment Board ("CPPIB") and company's existing credit facilities . J.P. Morgan Securities, LLC acted as financial advisor to Teine on transaction .Teine Energy Ltd announces significant asset acquisition.  Full Article

Penn West announces $1.1 bln in asset sales
Friday, 10 Jun 2016 07:05pm EDT 

Penn West Petroleum Ltd : Deal for cash consideration of $975 million , subject to normal closing adjustments . Expect to be comfortably in compliance with all financial covenants at end of Q2 and remainder of 2016 . Entered into a definitive agreement for sale of all of its saskatchewan assets, including its dodsland viking area . To realize nearly $100 million annually from decreased interest expenses and reductions in g&a expenses through deal .Penn west announces $1.1 billion in asset sales, including the sale of its saskatchewan assets for $975 million.  Full Article

Penn West Petroleum hired Rothchild, Pricewaterhousecoopers as advisers for negotiations - Conf Call
Monday, 16 May 2016 11:13am EDT 

Penn West Petroleum Ltd : Hired Rothchild and Pricewaterhousecoopers as advisers for negotiation process with lenders - Conf Call Further company coverage: [PWT.TO] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

More From Around the Web

Penn West posts smaller-than-expected loss on higher oil prices

Canadian oil and gas producer Penn West Petroleum Ltd reported a smaller-than-expected quarterly loss, as crude prices ticked up after a more than two-year slump.