Hot Building Product Companies To Own In Right Now

Hot Building Product Companies To Own In Right Now: Penn West Petroleum Ltd(PWE)

Penn West Petroleum Ltd. engages in acquiring, exploring, developing, exploiting, and holding interests in petroleum and natural gas properties and related assets in North America. The company produces light and medium crude oil, natural gas liquids, heavy oil, and natural gas. It operates in two major regions, including the Southern District, which covers properties within Manitoba, Saskatchewan, and southern and east central Alberta with developed and undeveloped land base totaling approximately 3.3 million net acres; and the Northern District encompassing northeastern British Columbia, northern Alberta, parts of west central Alberta, and the Northwest Territories with developed and undeveloped land position of approximately 2.9 million net acres. The company was formerly known as Penn West Energy Trust and changed its name to Penn West Petroleum Ltd. in January 2011. Penn West Petroleum Ltd. was founded in 1979 and is headquartered in Calgary, Canada.

Advisors' Opinion:

• [By Eric Volkman]

  Penn West (NYSE: PWE  ) is about to change the nameplate on its CEO's office. The company announced that current Chief Executive and President Murray Nunns has announced his departure, effective July 1. Starting June 19, his place will be taken by David Roberts, onetime executive vice president and chief operating officer of Marathon Oil. Penn West said it intends to name him to its board of directors once he takes up the CEO post.

source from Top Penny Stocks For 2015:http://www.topstocksforum.com/hot-building-product-companies-to-own-in-right-now.html