(Reuters) - Penn West Petroleum Ltd PWT.TO, one of western Canada’s largest conventional oil and gas producers, posted a smaller fourth-quarter loss on gains from asset sales.
Net loss for the quarter was C$53 million ($52.87 million), or 11 Canadian cents per share, compared with a loss of C$62 million, or 13 Canadian cents per share, a year earlier.
Gross revenue fell 18 percent to C$799 million.
Production for the quarter was 153,931 barrels of oil equivalent per day (boe/d), down from 168,801 boe/d a year earlier.
Reporting by Ankur Banerjee in Bangalore; Editing by Saumyadeb Chakrabarty