Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Penn West Targets As Much as $1.9 Billion in Asset Sales

Don't Miss Out —
Follow us on:

Nov. 6 (Bloomberg) -- Penn West Petroleum Ltd. is targeting as much as C$2 billion ($1.9 billion) of asset sales before 2015 as part of a strategic review.

Of that total, about C$485 million of disposals are expected to close before the end of 2013, the Calgary-based company said today in a statement. Those sales involve assets in the Wainwright, Grande Prairie and Southern Alberta areas.

“Not only does this represent a meaningful step toward addressing our balance sheet, it also assists in focusing our efforts on our core properties,” Chief Executive Officer David Roberts said in the statement.

Link to Statement:{NSN MVUAU83RXUKG <GO>}

Link to Company News:{PWT CN <Equity> CN <GO>}

To contact the editor responsible for this story: Stephen Cunningham at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.