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Penn West Petroleum Ltd. Message Board

  • grapeman1212 grapeman1212 May 9, 2011 4:30 PM Flag

    Great review

    A few weeks ago there were nothing but people slamming this thing!?!?!.

    <<Penn West Petroleum (PWE) was up 5.64% on Friday. It beat estimates on the 5th of May. Penn West has increased light oil production by 14% year over year. Its 63% oil to gas ratio is increasing every quarter. It had a three-fold rise in first quarter profit. Penn West had a net income of 63 cents per share. This compares to the analyst estimates of 10 cents per share. Penn West states the increase in net profit was due to an increase in realized prices of oil and natural gas liquids. This was an exceptional quarter. RBC Capital upgraded Penn West to outperform. Penn West offers a 4.4% dividend. >>

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1.21-0.04(-3.20%)Oct 9 4:02 PMEDT