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Penn West Petroleum Ltd. Message Board

  • infinitidrivr infinitidrivr Feb 14, 2013 11:44 AM Flag

    Accounting 101

    It is clear from the detractors they never took a course in accounting. PWE wrote off approx $1.5(non cash) for deptreciation/depletion which is not a cash expense. Actual cash flow exceeds the dividend by nearly 2.5X1 ratio. What isn't known by the detractors because they don't know how to read a financial report besides what is already mentioned, is that there is an abundance of reserves not reported(aside from the abundance that is reported). Did anyone of the detractors happen to noticed that the depletion rate was replaced by 1.9X but....who's reading? They're desperate because they're ignorant, writing willy nilly as they get SQUEEZED!

    Sentiment: Strong Buy

 
PWE
7.679+0.309(+4.19%)10:06 AMEDT

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