Penn West Petroleum Ltd (PWE) Shares Slide -7.3%

Penn West Petroleum Ltd (PWE) : During the past 4 weeks, traders have been relatively bearish on Penn West Petroleum Ltd (PWE), hence the stock is down -17.54% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.24% relative to the S&P 500. The 4-week change in the price of the stock is -14.77% and the stock has fallen -7.3% in the past 1 week.

The stock has recorded a 20-day Moving Average of 8.3% and the 50-Day Moving Average is 8.68%. Penn West Petroleum Ltd. is up 11.4% in the last 3-month period. Year-to-Date the stock performance stands at 51.19%.


Penn West Petroleum Ltd (NYSE:PWE): stock turned positive on Friday. Though the stock opened at $1.23, the bulls momentum made the stock top out at $1.29 level for the day. The stock recorded a low of $1.2 and closed the trading day at $1.27, in the green by 2.42%. The total traded volume for the day was 1,293,422. The stock had closed at $1.24 in the previous days trading.

Penn West Petroleum Ltd. (Penn West) is a Canada-based senior exploration and production company. The Company operates to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada sedimentary basin directly and through investments in securities of subsidiaries holding such interests. The Companys portfolio of properties includes both unitized and non-unitized oil and natural gas production. The properties contain long-life, low-decline-rate reserves and include interests in several oil and gas fields. The majority of its proved plus probable reserves are located in Canada in Alberta, British Columbia, Saskatchewan, Manitoba and the Northwest Territories. It also has minor proved plus probable reserves interests in the United States in Wyoming. Penn West operates under the trade names of Penn West and Penn West Exploration.

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