Overview
Penn West Energy Trust
Penn West Petroleum (formerly Penn West Energy Trust) is pumping oil from Western Canada, with the hope of keeping black ink flowing from its auditor's pen. The independent exploration and production company has holdings of 4.5 million net acres of land in Alberta, Saskatchewan, and British Columbia. In 2014 the company reported net proved and probable reserves of 561 million barrels of oil equivalent. Penn West focuses on reinvesting
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Read More cash flow into opportunities for internal development and external acquisitions. This strategy includes maintaining a substantial capital program. In 2017 the company announced that it would change its name to Obsidian Energy.
Read Less
Read More cash flow into opportunities for internal development and external acquisitions. This strategy includes maintaining a substantial capital program. In 2017 the company announced that it would change its name to Obsidian Energy.
Read Less
Stephen E. Loukas
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Oil and Gas Extraction
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Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Crude petroleum production
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Natural gas production
See All Industries , Oil and gas exploration services Holding companies, nec
See Fewer Industries
See All Industries , Oil and gas exploration services Holding companies, nec
See Fewer Industries
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Actual
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Actual
$597.14 million
Actual
11.53%
$2,114
DEC
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Toronto:OBE
Contacts
Get in Touch with 13 Principals* and 147 Contacts
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Stephen E. LoukasPresident
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$597.14 million
USD
Actual
1 USD = 1.4029 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $258 | $251 | $326 |
| Net Investing Cash | -$307 | -$209 | -$207 |
| Net Financing Cash | $48 | -$42 | -$123 |
| Net Change in Cash | -$1 | -$0 | -$5 |
| Cash at Beginning of Period | $0 | $1 | $5 |
| Cash at End of Period | -$0 | $0 | $1 |
| Capital Expenditure | -$304 | -$209 | -$228 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $ | $0 | $1 |
| Accounts Receivable | $63 | $50 | $59 |
| Inventories | $ | $ | $ |
| Other Current Assets | $288 | $17 | $12 |
| Asset Summary | |||
| Total Current Assets | $351 | $67 | $71 |
| Tangible Fixed Assets | $962 | $1,386 | $1,324 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $2,115 | $2,250 | $2,204 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short-Term Debt | $2 | $1 | $ |
| Other Current Liabilities | $194 | $163 | $159 |
| Liability Summary | |||
| Total Current Liabilities | $196 | $164 | $159 |
| Long-Term Debt | $237 | $155 | $161 |
| Other Long-Term Liabilities | $0 | $2 | $6 |
| Total Liabilities | $505 | $432 | $445 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1,522 | $1,550 | $1,584 |
| Retained Earnings | -$597 | -$453 | -$530 |
| Equity Summary | |||
| Total Equity | $1,002 | $1,172 | $1,126 |
| Shares Outstanding | 73,684,802 | 77,588,538 | 82,442,210 |