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Penn West Energy (PWE +1.2%) reports a Q4 loss of $0.11/share and funds flow of $295M...

Penn West Energy (PWE +1.2%) reports a Q4 loss of $0.11/share and funds flow of $295M ($0.62/share). Full-year 2012 funds flow was $1.25B; average production was ~161K boe/day, weighted ~65% to oil and liquids. After 2012 divestment activity, PWE forecasts 2013 production of 135K-145K boe/day. Plans 2013 capex budget of $900M with an option to layer in up to $300M more.

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