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Penn West Petroleum Ltd. Message Board

spinergy888 1 post  |  Last Activity: Jun 10, 2015 7:24 AM Member since: Aug 6, 2011
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  • About time you got yours!

    We are revising our 2015 annual average production guidance upwards from 93,000 – 100,000 BOE per day to 97,000 – 103,000 BOE per day.

    We are increasing our 2015 capital budget by $60 million from $480 million to $540 million.

    The additional completions are underpinned by robust economics. The average expected rate of return for the completions (excluding the drilling capital already spent), using a flat West Texas Intermediate oil price of US$60 per barrel, is approximately 60%. The average expected payout period for the completions is less than two years under a flat WTI oil price of US$60 per barrel.

    Sentiment: Strong Buy

PWE
0.6677-0.0023(-0.34%)Sep 3 4:02 PMEDT