Penn West Energy Trust (PWE)

[legalizeMJ]

Link:6/21/16 PR:Good News.

http://ih.advfn.com/p.php?pid=nmona&article=71785983

Penn West also announces that the closing of the sale of its Saskatchewan assets is expected to occur on or about June 24, 2016. The completion of the sale remains subject to customary closing conditions. As a result, we expect to be fully in compliance with all of our financial covenants at the end of the second quarter and the remainder of 2016.

Penn West is pleased to announce that approximately $27 million of these asset dispositions have been completed, with the sales of the remaining approximately $113 million of assets expected to close on or about June 27, 2016, subject to customary closing conditions.

The above is GOOD News, VERY Good News.
PWE= Strong BUY.
Go PWE $$$$$$$$$$$$$