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Penn West Petroleum Ltd. (PWE)

  • Jun. 11, 2013, 12:33 PM
    Penn West (PWE +3.9%) is poised to break up to boost a valuation that's weaker than 99% of its peers, after recently overhauling management, Bloomberg writes. PWE has many high-quality assets, and analysts support separating PWE into two businesses, one focused on assets with growth potential and the other on properties whose predictable production would allow for an attractive dividend.
  • Mar. 8, 2013, 8:13 AM
    Penn West (PWE) +3.3% premarket, apparently on speculation the energy company could be up for sale. Using the price per flowing barrel of oil paid via Linn Energy's acquisition of similarly oil-weighted Berry Petroleum, SA contributor Devon Shire calculates PWE could be taken out at ~$23.59/share.
  • Nov. 6, 2012, 5:43 PM
    Franco Nevada (FNV) agrees to acquire a ~11.7% net royalty interest in the Weyburn Oil Unit with Penn West Petroleum (PWE) for C$400M in cash. Current production levels are ~26K bbl/day of medium grade slightly sour crude. FNV expects the acquisition to be immediately accretive to revenue, cash flow and earnings.
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Company Description
Penn West Petroleum Ltd is a exploration and production company. It explores, develops and holds interests in oil and natural gas properties and related infrastructure in the Western Canada.