February 14, 2013 / 12:22 PM / 5 years ago

Penn West posts smaller loss on asset sale gain

(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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below