Penn West Petroleum (PWE) Buys into Mitsue Area, Stock Gains

Penn West Petroleum

shares advanced 1.3% to 54 cents on entering into a definitive agreement for the sale of its properties in the Greater Mitsue area of Central Alberta for cash consideration of $192.5 million Canadian, subject to closing adjustments customary in transactions of this nature. Share volume was 140,000, compared to an all-day average of 531,000