This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Penn West Petroleum's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Penn West Petroleum Ltd (PWE)

Q2 2012 Earnings Call

August 10, 2012, 12:00 pm ET

Executives

Jason Fleury - Senior Manager, IR

Murray Nunns - President & CEO

Hilary Foulkes - EVP & COO

Todd Takeyasu - EVP & CFO

Analysts

Greg Pardy - RBC Capital Markets

Kate Minyard - JP Morgan

Michael Zuk - Stifel Nicolaus

Jonathan Fleming - Cormark Securities

Gordon Tait - BMO

Brian Kristjansen - Canaccord Genuity

Roger Serin - TD Securities

Jeremy Kaliel - CIBC

Presentation



Operator

Good afternoon. My name is Nick and I will be your conference operator today. At this time, I would like to welcome everyone to the Penn West Exploration 2012 second quarter results conference call. All lines have been placed on-mute to prevent any background noise. After the speakers remarks there will be a question-and-answer. (Operator Instructions) Thank you.

Jason Fleury, you may begin your conference.

Jason Fleury

Thank you and good morning. Welcome to Penn West 2012 second quarter financial and operating results conference call. My name is Jason Fleury and I am responsible for the Investor Relations Group here at Penn West. With me this morning in Calgary is our President and Chief Executive Officer, Murray Nunns; Chief Operating Office, Hilary Foulkes; and our Chief Financial Officer, Todd Takeyasu and other members of the senior management team.

Before getting started this morning I would like to quickly remind listeners of our customary conference call advisory. Penn West shares are traded both in the New York Stock Exchange under the symbol PWE and on the Toronto Stock Exchange under the symbol PWT. All references during this conference call are in Canadian dollars unless otherwise indicated and all conversions of natural gas to barrels of oil equivalent are done on a six to one conversion ratio. All financials are reported under International Financial Reporting Standards.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs