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Stock Market & Financial Investment News

News Breaks
March 24, 2014
11:26 EDTPWEPenn West appoints David Dyck as SVP, CFO, effective May 1
Penn West announced that David Dyck has been appointed SVP and CFO of Penn West effective May 1. Dyck replaces Todd Takeyasu who today is stepping down from the role. Dyck was most recently the CFO of a Calgary energy company focused on developing natural gas conversion projects combined with in-situ coal gasification technology.
News For PWE From The Last 14 Days
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September 1, 2015
06:12 EDTPWEPenn West sees FY15 production 86K-90K boe/d
The company said, "We have updated our guidance given the impact of the $414 million in asset dispositions to date and the further planned reductions in our capital programs. Our revised 2015 capital budget is $500 million, representing capital expenditures of approximately $245 million in the second half of 2015. Our revised 2015 production guidance range is 86,000 - 90,000 boe/d. Although we continue to view funds flow from operations to be an important metric, we will shift our focus to providing guidance on our controllable costs given the continuing volatility in commodity prices. Consequently, we expect our operating costs for the year to be between $19.25/boe and $19.75/boe, while our G&A is expected to be between $2.80/boe and $3.05/boe."
06:12 EDTPWEPenn West sees further 10% reduction in well drilling, completion, tie-up costs
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06:11 EDTPWEPenn West committed to pursuing additional non-core sales to reduce debt
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06:09 EDTPWEPenn West in compliance with all financial covenants
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06:08 EDTPWEPenn West to reduce total workforce by 35%
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06:07 EDTPWEPenn West to suspend dividend until further notice, reduces board compensation
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06:06 EDTPWEPenn West to limit CapEx to funds flow from operations by end of 2015
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06:05 EDTPWEPenn West announces further actions to commodity price environment
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06:02 EDTPWEPenn West announces dividend suspension, 35% workforce reduction
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