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Penn West Petroleum Ltd. Message Board

  • aldentefranchesco aldentefranchesco Mar 13, 2013 3:50 PM Flag

    Why PWE is good

    Short term (1 to 2 years), there is really no differentiation between Penn West and any other company in the Canadian Oil and Gas industry. Longer term, when easy oil disappears and companies start to look farther and farther away from their shores to find scarce shallow areas to explore and extract oil from, when shipping oil becomes more expensive than the cargo and when oil pipelines between Canada and the US become ready, ONLY then that big corporation would start looking at the Penn West with their great and expansive light oil assets. Only then will PWE outperforms every Canadian and US oil company. Nothing PWE can do today to change the way the stock is behaving. Only long term patience will be rewarded with this company.

    Sentiment: Hold

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PWE
7.3199-0.3001(-3.94%)1:05 PMEDT

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