Wed, Jul 23, 2014, 1:02 AM EDT - U.S. Markets open in 8 hrs 28 mins


% | $
Click the to save as a favorite.

Penn West Petroleum Ltd. Message Board

  • t4two45 t4two45 Jan 30, 2009 3:14 PM Flag

    With Oil at $42 Can Payout Continue?

    Have not seen how much hedging has been done, but PWE may need a big increase in oil price to keep paying distribution. Makes no sense to me to pay off the $3.3 billion in debt out of new money and continue to pay the big distributon. Of course, even if they used half of this issue, it'd barely make a dent in that debt. The recession is getting deeper for the immediate future and worldwise oil will be under pricing pressure. Hope dilution is only a one-day drop. At least distribution is assured for a bit longer. JMHO.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
9.20+0.47(+5.38%)Jul 22 4:02 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.