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Penn West gets NYSE non-compliance notice

Jan. 05, 2016 8:08 AM ETObsidian Energy Ltd. (OBE) Stock, OBE:CA StockBy: Carl Surran, SA News Editor12 Comments
  • Penn West Energy (PWE) says it received a non-compliance notice from the NYSE relating to the minimum bid price requirement after the average closing price was less than $1/share over a consecutive 30-day trading period.
  • PWE says it plans to notify the NYSE that it intends to cure the price deficiency and return to compliance with the price listing standard prior to the expiration of the six-month cure period.

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