Canada's Penn West posts Q2 loss due to weak oil prices

Thu Jul 30, 2015 6:42am EDT
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July 30 (Reuters) - Canadian oil producer Penn West Petroleum Ltd reported a second-quarter loss, compared with a profit a year earlier, hurt by weak oil prices.

The company's net loss was C$28 million ($22 million), or 6 Canadian cents per share, in the second quarter ended June 30, compared with a profit of C$143 million, or 29 Canadian cents per share, a year earlier.

The Calgary, Alberta-based company's total revenue fell 43 percent to C$325 million.

(1 US dollar = 1.2966 Canadian dollar) (Reporting by Anet Josline Pinto in Bengaluru; Editing by Maju Samuel)