Penn West avoids bankruptcy on sale of Saskatchewan oil assets - The...

06/13/16


The Globe and Mail (subscription)

Penn West avoids bankruptcy on sale of Saskatchewan oil assets
The Globe and Mail (subscription)
Chief financial officer David Dyck on Monday insisted the latest deal was not a “forced liquidation” driven by lenders. However, analysts at Barclays PLC said the sale was necessary to avoid a breach of financial terms tied to its debt load. The ...
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