InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,714.18
(
0.20%
)
US TECH 100
19,307.20
(
0.05%
)
Dow Jones
42,119.56
(
0.13%
)
Brent Oil
73.35
(
-0.73%
)
Bitcoin
63,209.05
(
-0.65%
)
Post# of 648882
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Tuff-Stuff

Send PM Follow Ignore
Followers 218
Posts 247348
Boards Moderated 2
Alias Born 04/06/2006

Tuff-Stuff

Re: None

Wednesday, 07/30/2014 8:16:52 AM

Wednesday, July 30, 2014 8:16:52 AM

Post# of 648882
PWE<>Penn West -9% after revealing accounting irregularities

Penn West (NYSE:PWE) -9.3% premarket after reporting details of accounting irregularities and launches a review of its financial statements dating back four-and-a-half years, adding that its historical financial documents for the period under review are not reliable.
PWE says the voluntary accounting review could force it to reduce its budget and royalty expense expectations for 2014 and increase its operating cost predictions.
The release of Q2 earnings results may be delayed because of the review.
Also, PWE reports Q2 production of ~108K boe/day (64% oil and liquids) and maintains 2014 production guidance of 101K-106K boe/day.

Pray for A Pain Free Day!

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up