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OBE 1.46 -0.04 (-2.67%)
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Penn West Changes Name to Obsidian Energy Ltd. and Announces Voting Results ...
CALGARY, June 26, 2017 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West" "or the Company") is pleased to announce that our shareholders have approved our name change to Obsidian Energy Ltd., effective immediately.
Penn West shareholders approve name change to Obsidian Energy  The Globe and Mail
Penn West Petroleum downsizes, changes name in hopes of turning page on ...  Financial Post
Obsidian Energy Ltd. Opens the Market
David French, President and Chief Executive Officer, Obsidian Energy Ltd. (OBE), joined Rob Peterman, Vice-President, Global Business Development, TMX Group, to open the market.
Restructured Penn West proposes name change to Obsidian Energy
Penn West Petroleum Ltd. wants to change its name to Obsidian Energy Ltd. after surviving an accounting scandal, debt crisis and commodity price crash over the past three years.
Penn West to change its name to Obsidian Energy Ltd.  Estevan Mercury
US charges Obsidian, formerly Penn West, with accounting fraud
Calgary-based Obsidian Energy Ltd. and three former employees are facing U.S. Securities and Exchange Commission charges for their roles in an alleged accounting fraud - issues the company says it flagged three years ago and has fixed.
Penn West Named in Lawsuit Due to Previously Disclosed Accounting Practices  Canada NewsWire (press release)
SEC Charges Obsidian Energy, Former Executives With Accounting Fraud  Wall Street Journal (subscription)
Obsidian Energy, former execs charged with fraud
The Securities and Exchange Commission filed charges in federal court against Obsidian Energy Ltd., formerly known as Penn West Petroleum Ltd.
SEC Alleges Accounting Fraud at Top Canadian Energy Co.  New York Law Journal (registration)
Obsidian Energy: Clarifying Its Production Growth And Valuation Expectations
Obsidian's 2017 production growth is helped by a 90% carry of capital expenditures and operating costs with its Peace River operations.
Penn West Continues Lower
Penn West's stock continue to trades lower, but hopefully the company's name change to Obsidian Energy can help separate past from present.
Penn West Energy Has Them All The Way
(NYSE:PGH), and Baytex Energy Corp. (NYSE:BTE). These three companies have often been discussed as potential good appreciation investments.
Penn West: Clear Buy
Penn West swung to a profit in Q1 2017 and has substantial plans to increase production in 2H 2017. The stock hasn't been performing well as of late due to volatile crude oil prices.
Penn West Announces Strong First Quarter 2017 Financial and Operational Results  Canada NewsWire (press release)
Penn West Energy Is Going To Excel
Market expectations of lower costs and higher cash flow may be realized this year. Guidance has begun to be increased from initial amounts so the market is salivating.