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Penn West Petroleum Ltd. Message Board

  • hardmetalman1 hardmetalman1 Nov 6, 2013 8:30 AM Flag

    Sustainable ratio of 110%:

    By reading the latest earnings report it appears that Penn West is attempting to become a smaller but more profitable company. They have a long way to go to get to their desired 110% sustainable ratio. Basically a 110% sustainable ratio means the company will be spending 10% more every quarter than it takes in. Try that with your personal budget and see how it turns out for you long term.

    This quarter funds flow was up while capex and production was down but the company only earned six cents per share while paying out .14 cents per share in dividends.. This was accomplished by selling off properties producing 12,500 barrels, shutting in non-economic wells, and eliminating 25% of the work force. The other factor that led to a higher cash flow was the higher price of crude oil offset somewhat by a lower price of natural gas.

    With WTI prices falling I don't see much here to get excited about.

    Sentiment: Hold

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