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Penn West seeking leeway from lenders, posts $1.6-billion quarterly loss

2016-03-11 08:30:43| Energy - Topix.net

Penn West Petroleum, which posted a $1.6-billion net loss for the last three months of 2015, is looking for some leeway from its lenders. The Calgary-based crude producer said Thursday that it should finish the first quarter onside with its debt agreements, but warned that won't be the case by the end of June if low oil prices persist.

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