Western Canada based Penn West Petroleum (NYSE:PWE) has had a rocky ride over the past year or so. The company completed a major Strategic Review late last year in order to improve its fundamentals. Along with a dividend reduction, Penn West has been selling off high cost production in order to decrease the size of its footprint as well as lower its capital needs. This turnaround appears to have been largely successful and the stock is finally showing signs of life.
Q1 2014 Overview
Before I get into Penn West's outlook, let us review its most recent quarter.
All percentages shown are quarter-over-quarter figures
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|