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Penn West Petroleum Ltd. Message Board

  • infinitidrivr infinitidrivr Apr 11, 2013 9:38 PM Flag

    Globe and Mail RBC article

    suggesting cash flow is inadequate and balance sheet too debt laden is the one inadequate. Equity to debt ratio is about 2:1 an upper quartile strong balance sheet. As for cash flow/ dividend, PWE is about average. My background: credit analyst/mba accounting. My recommendation is intermediate, long term.

    Sentiment: Strong Buy

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    • MBA U of Chicago. Agreed balance sheet is pretty strong. If dividend was cut out altogether this stock would be at 18 dollars. With gas above 4 all year and oil above 90, with 5 % improvement in netbacks this is a slam dunkeroo.Easily the best candidate for take over . Light oil is gold, heavy bitumen is #$%$ that raises political flags every where.

      Sentiment: Strong Buy

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