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Penn West Petroleum Ltd. Message Board

  • eusdond eusdond Nov 14, 2013 9:03 AM Flag

    Would all the fans of this new CEO who posted on this board

    please tell us one more time how great this guy is___

    Sentiment: Hold

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    • I think Dave Roberts and the new BOD have done an admirable job in turning PWE around. Yes, it has involved cutting from the top line to get the bottom line in the black, but what realistic choice did they have? The Canadian government was reluctant to approve the CNOOC/Nexen deal and are now closely scrutinizing every deal made in the energy sector. They're concerned about land and energy producers being taken over by foreign companies. That means a buyout would likely have to come from another interested Canadian energy producer. If PennWest was shopped around over the last 4 months, I'm guessing they didn't receive an attractive offer. They may still be for sale, but in the meantime, they have to assume they're going to go it alone and have to focus on profitability and reducing liabilities. Analysts are acting like PennWest can't ramp up production again if needed. They can and will when it's sensible to do so. Anyway, tell us what you would do differently?

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