% | $
Quotes you view appear here for quick access.

Penn West Petroleum Ltd. Message Board

  • harrytcpw Aug 21, 2013 12:07 AM Flag

    Duvernay acreage


    PWE has a approximatley 150,000 ACRES in the liquids rich fairway of the emerging shale play in Dunvernay at willesden green...Industry activity an results continue to confirm the significant potential of the companys position. I hate to see them sell this acreage but its possible to get about 10,000 plus an acre an that would be about 1.5 billion $$$$ or better yet sell a 49.9 percent stake to petro-china or chevron or exxon for 700 million plus. I can see the company is shooting for paying down debt, they cut the dividend an going for cash flow POSITIVE,,,, once cash flow positive, this stock will trade to its BOOK VALUE,, to late to sell at such a low price,, I EVEN GOT CAUGHT BY by the unexpected MARGIN SELLING yesturday, exaggerating the drop. Going to lighten up maybe on my other positions an add more tommorow PWE, going to trade less an hold more PWE an let it run till i see this play out above 14.18 .... ONCE OVER 12, WILL SHOOT RAPIDLY OVER 12.70, ,good luck

    Sentiment: Strong Buy

    This topic is deleted.
1.850.00(0.00%)Sep 29 4:02 PMEDT