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Penn West Petroleum Ltd. EPS of -$1.49

  • Penn West Petroleum Ltd. (PWE): Q4 EPS of -$1.49 may not be comparable to consensus of -$0.06.
  • Revenue of $613M (-23.3% Y/Y) misses by $44.54M.
  • Press Release
Comments (4)
  • T.Ozdogan
    , contributor
    Comments (2) | Send Message
     
    Does anybody have an idea why this stock(PWE) is going up when it lost 1.72 a share?
    7 Mar, 10:13 AM Reply Like
  • unclemike7849
    , contributor
    Comments (165) | Send Message
     
    You need to follow this stock to understand its past and present. The company is substantially smaller now that new management has taken hold and actual business acumen is finally upon us. You won't have an unobstructed view of the actual performance of the company until we're able to compare 2015 quarterly results with prior 2014 quarterly results (I'm confident the business plan will prove itself to be working well). A fair amount of assets were sold in 2013 which reduces the overall revenue and earnings, however most of the eps loss you're concerned about is not that big of a deal and will not go forward. 2013 was basically a year to clean up the mess that prior management had made of the company. I'm more than patient enough to wait another year to see results.
    7 Mar, 12:01 PM Reply Like
  • T.Ozdogan
    , contributor
    Comments (2) | Send Message
     
    Thanks for taking time for a good explanation.
    7 Mar, 12:59 PM Reply Like
  • RASTA
    , contributor
    Comments (50) | Send Message
     
    Paper loss and getting house in order.FFO MORE THAN covers div,etc.Rasta
    7 Mar, 10:33 AM Reply Like
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