News for Penn West Petroleum Ltd - Google Finance

Penn West Petroleum to cut jobs, dividend as CEO steps down

Thu, 06 Jun 2013 02:14:02 GMT

Penn West Petroleum to cut jobs, dividend as CEO steps down
Financial Post - Jun 6, 2013

Penn West Petroleum Ltd., the third-worst performing Canadian oil and gas producer in the past year, said Murray Nunns will step down as chief executive officer as the company cuts costs and considers asset sales.

Changes draw Penn West staff to AGM - Edmonton Journal
Penn West Petroleum replacing CEO, shedding staff, cutting dividend by half - Victoria Times Colonist

Shuffle at the top brings new hope to Penn West shareholders

Thu, 06 Jun 2013 23:21:47 GMT

Shuffle at the top brings new hope to Penn West shareholders
Globe and Mail - Jun 6, 2013

Penn West Petroleum Ltd. has just become the biggest “show me” stock in Canada's oil patch. With a new chairman at the helm and a new chief executive officer coming aboard June 19, the Calgary-based company must now prove to the market that change ...

Penn West Exploration Announces Voting Results from the 2013 Annual and ... - Wall Street Journal (press release)

With cuts, new CEO, oil veteran Rick George makes mark at Penn West

Wed, 05 Jun 2013 23:24:17 GMT

With cuts, new CEO, oil veteran Rick George makes mark at Penn West
Globe and Mail - Jun 5, 2013

Penn West Petroleum Ltd. is overhauling its finances, chopping jobs and bringing in new leadership, joining a growing list of Canadian energy companies that are rewriting their strategies in an effort to boost flagging returns.

Penn West Petroleum Ltd Rating Reiterated by CIBC (PWT)

Fri, 14 Jun 2013 17:08:55 GMT

Penn West Petroleum Ltd Rating Reiterated by CIBC (PWT)
Watch List News (press release) - Jun 14, 2013

Penn West Petroleum Ltd logo Penn West Petroleum Ltd (TSE: PWT)'s stock had its “sector perform” rating restated by CIBC in a research note issued on Thursday, Stock Ratings Network.

Basic Material Sector Sharp Gainers: Spectra Energy, Penn West Petroleum ...

Thu, 13 Jun 2013 14:14:45 GMT

Basic Material Sector Sharp Gainers: Spectra Energy, Penn West Petroleum ...
Equity Observer - Jun 13, 2013

The Canadian oil producer, Penn West Petroleum Ltd (USA) (NYSE:PWE) picked a new CEO and board leadership and, the previous week, declared it will explore options to boost returns, after a 2 year stock drop left the energy company trading at a 42% ...

Penn West Petroleum (PWE) Shares Cross Above 200 DMA

Fri, 14 Jun 2013 15:07:30 GMT

Penn West Petroleum (PWE) Shares Cross Above 200 DMA
Forbes - Jun 14, 2013

In trading on Friday, shares of Penn West Petroleum Ltd (NYSE: PWE) crossed above their 200 day moving average of $11.33, changing hands as high as $11.37 per share.

Penn West's new vice-chair buying

Fri, 31 May 2013 23:00:38 GMT

Penn West's new vice-chair buying
Globe and Mail - May 31, 2013

On May 6, Penn West Petroleum Ltd. announced that former Suncor CEO Rick George and former Canadian Natural Resources board chair Allan Markin were joining its board in the respective roles of board chair and vice-chair.

Penn West Breakup Seen Returning $3.7 Billion

Tue, 11 Jun 2013 15:23:27 GMT

Penn West Breakup Seen Returning $3.7 Billion
Bloomberg - Jun 11, 2013

Penn West Petroleum Ltd., the Canadian oil producer that recently overhauled management, is poised to boost a valuation that's more depressed than 99 percent of peers by breaking up.

Market Chatter: Penn West Petroleum Board Mulls Breakup; Shares Add 3% - NASDAQ
Split, Sale May Help Penn West (PWE) Regain Recent Losses - StreetInsider.com (subscription)

Canada Stocks to Watch: Exfo, Penn West, Laurentian Bank and more

Wed, 05 Jun 2013 13:29:45 GMT

Canada Stocks to Watch: Exfo, Penn West, Laurentian Bank and more
Wall Street Journal- India (blog) - Jun 5, 2013

Penn West Petroleum Ltd. said it plans to review all staffing levels in a bid to cut costs and expects to cut 10% of its workforce over the next few weeks.

CANADA HOT STOCKS: Exfo, Penn West, Reitmans, Centerra - Wall Street Journal

Penn West Petroleum Ltd Given "Hold" Rating at TD Securities (PWT)

Mon, 10 Jun 2013 14:23:02 GMT

Penn West Petroleum Ltd Given "Hold" Rating at TD Securities (PWT)
Watch List News (press release) - Jun 10, 2013

Penn West Petroleum Ltd logo TD Securities reiterated their hold rating on shares of Penn West Petroleum Ltd (TSE: PWT) in a research note released on Thursday morning, Analyst Ratings Network reports.