Stock Market & Financial Investment News

News Breaks December 3, 2012 05:55 EDT PWE, PWE, PWE Penn West Exploration management to meet with RBC Capital Meetings to be held in Toronto/Montreal on December 6-7 hosted by RBC Capital. News For PWE From The Last 14 Days Check below for free stories on PWE the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 11, 2013 12:18 EDT PWE Penn West restructuring could unlock $3.7B in value, Bloomberg says After two years of stock deterioration, Penn West announced last week it would explore strategic alternatives to increase returns and its restructuring actions could unlock $3.7B more in market capitalization, contended Bloomberg, citing analyst and investor estimates. Options include splitting the company in two or exploring asset sales and joint ventures, the report added. Reference Link June 5, 2013 09:25 EDT PWE On The Fly: Pre-market Movers Subscribe for More Information 05:39 EDT PWE Penn West confirms FY13 production, capital guidance remains unchanged Subscribe for More Information 05:39 EDT PWE Penn West lowers quarterly dividend to 14c per share from 27c per share Penn West also announces that its board has approved a change to its dividend. Effective for Q3, Penn West's quarterly dividend will be reduced to 14c per common share from 27c per common share. This measure will provide Penn West with increased financial flexibility, and a sustainable dividend, as it continues to improve operating performance. The Q2 dividend of 27c per common share will be paid as declared on May 1 to shareholders of record on June 28. 05:37 EDT PWE Penn West to explore strategic alternatives Subscribe for More Information 05:36 EDT PWE Penn West expects to lower staff levels by 10% over next few weeks Subscribe for More Information 05:32 EDT PWE Penn West CEO Murry Nunns to retire, David Roberts named successor Penn West (PWE) announced that Murray Nunns, president and CEO, has informed the board of his intention to retire from Penn West effective July 1 after serving the company for more than 8 years. David Roberts, former executive vice president and COO of Marathon Oil Corporation (MRO), has agreed to terms of employment and will begin his new role as president and CEO commencing June 19. Sign up for a free trial to see the rest of the stories you've been missing.