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Penn West Petroleum flags going concern risk

Published 2016-05-16, 06:51 a/m
© Reuters.  Penn West Petroleum flags going concern risk
OBE
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May 16 (Reuters) - Canadian oil and gas producer Penn West
Petroleum Ltd PWT.TO PWE.N said on Monday it may be in
default on its financial covenants at the end of the second
quarter and raised doubts about its ability to continue as a
going concern.
Penn West had long-term debt of C$1.86 billion (now $1.44
billion) as of March 31. = 1.2918 Canadian dollars)

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