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Canada's Penn West posts Q2 loss due to weak oil prices

Published 2015-07-30, 06:42 a/m
© Reuters.  Canada's Penn West posts Q2 loss due to weak oil prices

July 30 (Reuters) - Canadian oil producer Penn West
Petroleum Ltd PWT.TO PWE.N reported a second-quarter loss,
compared with a profit a year earlier, hurt by weak oil prices.
The company's net loss was C$28 million ($22 million), or 6
Canadian cents per share, in the second quarter ended June 30,
compared with a profit of C$143 million, or 29 Canadian cents
per share, a year earlier.
The Calgary, Alberta-based company's total revenue fell 43
percent to C$325 million. ID:nPnc77Gc3

(1 US dollar = 1.2966 Canadian dollar)

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