Penn West Faces New York Delisting as Rout Makes It Penny StockBy
Delisting process triggered if price is below $1 for 30 days
Penn West's share price has been below $1 for 15 straight days
Penn West Petroleum Ltd. is facing the loss of its New York listing, closing off another funding option for the cash-strapped Canadian oil producer to survive a crude price crash that’s forced it to fire 400 workers.
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