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Penn West Petroleum Ltd T.PWT

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  PWE

Penn West Petroleum Ltd is is engaged in the operations of light oil in Canada. It also produces conventional oil and natural gas.
Price: $8.01 | Change: $-0.32 | %Change: -3.84%
Volume: 3.4m | Day High/Low: 8.39/7.90 | 52 Week High/Low: 12.10/7.61
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0 stars

RE:Net Income?

Kherson, what they are saying is the retatement of 2013 net income was positive, they are not referring to the change from the restated number in 2013 compared to 2014.  rate and reply
0 stars

RE:RE:RE:RE:RE:RE:RE:" Penn West Petroleum Longs Vindicated On Earnings"

Thought they said $1.7 credit facility, restored back to the deal they did in the spring. i think $3 billion is an old number but this is not significant to the turnaround especially if they can get...read more
0 stars

RE:RE:RE:RE:RE:RE:" Penn West Petroleum Longs Vindicated On Earnings"

Unfortuantely pwt has made themselves a target to media by the announcement in July that capped an allrerady slow turnaround . The articles themselves should not have scarred or emboldend any investor...read more
0 stars

RE:RE:RE:RE:RE:" Penn West Petroleum Longs Vindicated On Earnings"

Subsequent posts cover this again however i'd add they shouldn't have tried to sensationalize the releases which makes it easier for the media to crush the stock righly or wrongly. The headlines...read more
3 stars

So, where to from here

Will pwt be mired in the accounting doubts, probably for a while , will people be second guessing management, probably yes, wil other oil companies be willing to buy pwt assets even though there may...read more
0 stars

Regardless ..

Ultimately the shareholder still got shafted, no matter from which direction, it all started with PWT management, former or latter.  rate and reply
4.5 stars

DAVID MiLSTEAD the Fool

I think the frustration is mis-directed. it wasn't incompetence by mgmt. that resulted in the depth of the fall, it was the speculators helped hand in hand by articles like the September 4th one by...read more
4.5 stars

RE:RE:RE:RE:" Penn West Petroleum Longs Vindicated On Earnings"

loneranger905 wrote: Not asking them to hide it. But to do a better in depth look first instead of letting it dragged on for two months. Best is they do their complete homework and then announce...read more
2.5 stars

RE:RE:RE:" Penn West Petroleum Longs Vindicated On Earnings"

Not asking them to hide it. But to do a better in depth look first instead of letting it dragged on for two months. Best is they do their complete homework and then announce!!!!  rate and reply
5 stars

RE:RE:RE:RE:" Penn West Petroleum Longs Vindicated On Earnings"

madinvest - they did just what you are suggesting they should have done??? that is, they investigated and reported late July what they thought was the entirety of the accounting issues and then under...read more
2.5 stars

RE:RE:RE:" Penn West Petroleum Longs Vindicated On Earnings"

There is no requirement under SOX to do an accounting review. What is being said, i think and others feel free to correct me if wrong, is that they should have investigated first instead of in effect...read more
4.5 stars

RE:RE:" Penn West Petroleum Longs Vindicated On Earnings"

Just a suggestion, let the pipe pass next time. As a CFO of a publicly traded corporation with Sarbanes-Oxley responsibilities he has no choice in calling a review financial accounting practices. Are...read more
1.5 stars

Net Income?

Some of you Pumpers should be more carefully reading the latest Quarterly Statements before opening your big mouths! "Net Income increased from the comparative periods in 2013 mainly due to unrealized...read more
2.5 stars

RE:" Penn West Petroleum Longs Vindicated On Earnings"

wow...pass the crack pipe....what I find really interesting is that the result of the restatement/reversing capitalization/increasing capitalization/recharacterizing royalties as operating expenses...read more
4 stars

"Why Penn West Petroleum Ltd. Suddenly Became a Great Buy"

"I’m not usually one to get excited about a stock with an accounting probe, but Penn West is a special situation. Investors should be pretty excited about this new management team. Now that the issues...read more
4 stars

" Penn West Petroleum Longs Vindicated On Earnings"

http://seekingalpha.com/article/2504625-update-penn-west-petroleum-longs-vindicated-on-earnings?ifp=0  rate and reply
0 stars

RE:"U.S. Investors to take larger dynamic positions in Canada"

Wonderful strategies....sell assets, ipo, reorganize board, breakup.... what about improve distribution....no wait, that actually requires knowledge, a company specific strategy and getting from...read more
5 stars

"U.S. Investors to take larger dynamic positions in Canada"

"Hedge funds have been very active in Canadian energy recently, supported by the high U.S. dollar and enticed by Canada’s relatively lower energy stock valuations. They are joining private U.S...read more
4.5 stars

RBC UPGRADES

RBC really liked the announcements and earings strength of Q2 and upgraded the PWT target to $11. that is within the context of RBC lowering their oil forcasts outward which resulted in a number of...read more
3 stars

it is what it is

big companies,just there to get fat of the poor investor,they dont care and that my friend is the problem,let me line my pocket motto.dam you  rate and reply