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Last C$0.85 CAD
Change Today -0.17 / -16.67%
Volume 9.5M
PWT On Other Exchanges
Symbol
Exchange
Munich
Toronto
New York
As of 4:29 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

penn west petroleum ltd (PWT) Snapshot

Open
C$0.94
Previous Close
C$1.02
Day High
C$0.95
Day Low
C$0.83
52 Week High
09/18/14 - C$8.64
52 Week Low
08/24/15 - C$0.77
Market Cap
426.8M
Average Volume 10 Days
4.9M
EPS TTM
C$-1.89
Shares Outstanding
502.2M
EX-Date
09/28/15
P/E TM
--
Dividend
C$0.04
Dividend Yield
35.29%
Current Stock Chart for PENN WEST PETROLEUM LTD (PWT)

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penn west petroleum ltd (PWT) Details

Penn West Petroleum Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. The company’s properties are located in Alberta, British Columbia, Saskatchewan, Manitoba, and the Northwest Territories, Canada; and Wyoming, the United States. As of March 12, 2015, it operated a portfolio of opportunities in light oil in Canada covering a land base of approximately 4.5 million acres. The company was formerly known as Penn West Energy Trust and changed its name to Penn West Petroleum Ltd. in January 2011. Penn West Petroleum Ltd. was founded in 1979 and is headquartered in Calgary, Canada.

1,120 Employees
Last Reported Date: 03/12/15
Founded in 1979

penn west petroleum ltd (PWT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$750.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$300.0K
Senior Vice President of Exploitation, Produc...
Total Annual Compensation: C$328.3K
Vice President of Human Resources and Corpora...
Total Annual Compensation: C$280.0K
Compensation as of Fiscal Year 2014.

penn west petroleum ltd (PWT) Key Developments

Penn West Petroleum Ltd. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production and Fund Flow Guidance for the Year 2015

Penn West Petroleum Ltd. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported oil and natural gas sales and other income of CAD 364 million compared to CAD 685 million a year ago. Income before taxes was CAD 2 million compared to CAD 169 million a year ago. Net and comprehensive loss was CAD 28 million or CAD 0.06 per basic and diluted share compared to net and comprehensive income of CAD 143 million or CAD 0.29 per basic and diluted share a year ago. Net cash used in operating activities was CAD 67 million compared to net cash provided by operating activities of CAD 214 million a year ago. Capital expenditures were CAD 64 million compared to CAD 65 million a year ago. Funds flow from operations were CAD 79 million or CAD 0.16 per basic and diluted share compared to CAD 299 million or CAD 0.61 per basic and diluted share a year ago. For the six months period, the company reported oil and natural gas sales and other income of CAD 675 million compared to CAD 1,378 million a year ago. Loss before taxes was CAD 270 million compared to income before taxes of CAD 106 million a year ago. Net and comprehensive loss was CAD 276 million or CAD 0.55 per basic and diluted share compared to net and comprehensive income of CAD 54 million or CAD 0.11 per basic and diluted share a year ago. Net cash provided by operating activities was CAD 89 million compared to CAD 436 million a year ago. Capital expenditures were CAD 255 million compared to CAD 260 million a year ago. Funds flow from operations were CAD 151 million or CAD 0.30 per basic and diluted share compared to CAD 568 million or CAD 1.15 per basic and diluted share a year ago. As of June 30, 2015 net debt was reduced by approximately CAD 500 million. For the quarter, the company reported total production (boe/d) of 91,164 compared to 106,706 a year ago. For the six months period, the company reported total production (boe/d) of 93,024 compared to 109,070 a year ago. For the year 2015 the forward strip for crude oil was in the range of CAD 65 Edmonton Par. Accordingly, the company has reduced its Canadian crude oil pricing assumption for full year 2015 to CAD 50 per barrel. The company is updating its funds flow from operations guidance from CAD 500 million to CAD 550 million to a range of CAD 350 million to CAD 400 million. Additionally, the capital budget has been reduced from CAD 625 million to CAD 575 million as a result of a deferral of certain projects and realized cost savings.

Penn West Petroleum Ltd. Declares Third Quarter Dividend, Payable on October 15, 2015

Penn West Petroleum Ltd. announced that the Board of Directors has declared a third quarter 2015 dividend of $0.01 per share to be paid on October 15, 2015 to shareholders of record at the close of business on September 30, 2015.

Penn West Petroleum Ltd., Q2 2015 Earnings Call, Jul 30, 2015

Penn West Petroleum Ltd., Q2 2015 Earnings Call, Jul 30, 2015

 

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