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Obsidian Energy Ltd (OBE.TO)

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Mon, Jun 11 2018

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Two ex-Penn West executives must face U.S. SEC fraud charges

NEW YORK A U.S. judge has ordered two former finance executives at Penn West Petroleum Ltd, now known as Obsidian Energy Ltd , to face regulatory charges that they helped engineer a multi-year accounting fraud to reduce the Canadian company's operating expenses.

Two ex-Penn West executives must face U.S. SEC fraud charges

NEW YORK, June 11 A U.S. judge has ordered two former finance executives at Penn West Petroleum Ltd, now known as Obsidian Energy Ltd, to face regulatory charges that they helped engineer a multi-year accounting fraud to reduce the Canadian company's operating expenses.

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