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Penn West Petroleum Ltd. Message Board

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  • padraigaindlithiuil padraigaindlithiuil Nov 6, 2012 3:36 PM Flag

    Bye Bye Hilary Foukles Keep on moving !!

    The 3rd Qtr Statement literally says it was a hedging loss. Looking at the list of resignations, you will notice those that are most likely involved in hedging decisions. This actually makes me a little more confident, as the company knew about the problem back in Sept/Oct, and didn't just discover it very recently. So this is a planned "reaction" to the loss. It would be interesting to know how low in the management totem pole the resignations go, as the lower it goes the more it makes the ones higher up less culpable, but ultimately responsible.

    Sentiment: Hold

 
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