In his second call with analysts since taking the helm of Penn West Petroleum Ltd. last fall, David French invoked another sports analogy to describe the Calgary company's apparent comeback from the throes of collapse.
Penn West Petroleum Ltd. (TSX:PWT)(NYSE:PWE) almost disappeared in 2016, but the company appears to be on the mend. Let's take a look at this fallen star of the oil patch to see if it deserves to be in your portfolio today.
CALGARY - Distressed oil prices continued to take their toll on the sector as small oilsands player Connacher Oil and Gas Ltd. Monday filed for creditor protection while another larger player, Penn West Petroleum Ltd., warned it may be in default of ...
TORONTO - Canadian energy producer Penn West Petroleum Ltd has received at least four bids from companies for its Viking light oil assets as it races to avoid a default, according to sources familiar with the matter.