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Penn West Petroleum (PWE) announces a base capital budget of C$900M for 2013, with an option to...

Penn West Petroleum (PWE) announces a base capital budget of C$900M for 2013, with an option to layer in up to another C$300M in H2: 90% is allocated towards light oil projects, as spending on facilities and well equipping will be significantly reduced. PWE expects 2013 production of 135K-145K boe/day.
Comments (3)
  • danfordl
    , contributor
    Comment (1) | Send Message
     
    I am a long term investor in PWE and I think this is great news! This should make earnings results much better that it was in 2012.
    10 Jan 2013, 09:12 AM Reply Like
  • saratogahawk
    , contributor
    Comments (1655) | Send Message
     
    WTI has trended back up recently. The focus on light oils helps the revenue flow by reducing the exposure to nat gas.
    10 Jan 2013, 10:02 AM Reply Like
  • Bru1st
    , contributor
    Comments (3) | Send Message
     
    The bottom line, what will this do to the stock price, I am long on this by 6 years and am sick of the price always going down????
    10 Jan 2013, 04:32 PM Reply Like
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