Author Topic: PWE - Penn West Petroleum  (Read 396528 times)

alertmeipp

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PWE - Penn West Petroleum
« on: January 21, 2014, 07:14:22 PM »
Penn West Provides Fourth Quarter, 2013 Operational Update and Announces Additional Non-Core Asset Dispositions for Expected Proceeds of Approximately $175 Million

http://finance.yahoo.com/news/penn-west-provides-fourth-quarter-213900213.html


Nice to see they can actually get things sold at a fair price. (but doesn't look as good as the previous although this is more gas-weighted)
« Last Edit: January 21, 2014, 07:25:01 PM by alertmeipp »


alertmeipp

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Re: PWE - Penn West Petroleum
« Reply #1 on: January 22, 2014, 07:04:07 AM »
down big on the news. sigh...

phil_Buffett

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Re: PWE - Penn West Petroleum
« Reply #2 on: January 22, 2014, 07:14:23 AM »
alltime low as i see. alertmeipp whats your take on this?

alertmeipp

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Re: PWE - Penn West Petroleum
« Reply #3 on: January 22, 2014, 07:22:38 AM »
it doesn't feel great losing money.

they are just executing the plan, buyer today, the company is 500 mills cheapee coz of a 175m transaction

the sale price is not great but those are gassy assets with high cost.

phil_Buffett

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Re: PWE - Penn West Petroleum
« Reply #4 on: January 22, 2014, 07:24:06 AM »
it doesn't feel great losing money.

they are just executing the plan, buyer today, the company is 500 mills cheapee coz of a 175m transaction

the sale price is not great but those are gassy assets with high cost.

ok great thanks for your answer. i have no Position. but maybe a will start one. stock is at alltime low

phil_Buffett

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Re: PWE - Penn West Petroleum
« Reply #5 on: January 23, 2014, 04:59:24 AM »
alertmeipp if i could you ask for your estimate Intrinsic Value of Pennwest.
would be nice to hear from you.   :)

the market i think is making to much Panic mode. they sell the asset which is not bad for the Company.

xtreeq

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Re: PWE - Penn West Petroleum
« Reply #6 on: January 23, 2014, 05:06:19 AM »
For future reference there is/was another PWE thread in the General Discussion area
http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/pennwest/

Myth465

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Re: PWE - Penn West Petroleum
« Reply #7 on: April 09, 2014, 06:25:12 PM »
Just doubled my PWE leap positions, current holdings are up 50% so far. I think this could be a big winner with the D being put up for sale.

Myth465

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Re: PWE - Penn West Petroleum
« Reply #8 on: May 01, 2014, 05:02:30 PM »
Great quarter in my opinion.
They are really executing, makes me want to buy more. Also like they are not hyping asset sales. One day we will have a nice announcement on sales.

http://pennwest.mediaroom.com/index.php?s=27585&item=135216

After selling significant assets CF actually improved due to pricing and $ weakness. This will be a great quarter for Canadian O&G.

Uccmal

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Re: PWE - Penn West Petroleum
« Reply #9 on: May 02, 2014, 06:36:47 AM »
Great quarter in my opinion.
They are really executing, makes me want to buy more. Also like they are not hyping asset sales. One day we will have a nice announcement on sales.

http://pennwest.mediaroom.com/index.php?s=27585&item=135216

After selling significant assets CF actually improved due to pricing and $ weakness. This will be a great quarter for Canadian O&G.

Agreed, These guys are on the ball.  My position is large now.  My problem with buying more is that I cant get to a reasonable target price at this point in time.  If it dips into the low 9s again I will buy more but for now I will sit tight.
GARP tending toward value