Penn West Petroleum Ltd. (NYSE:PWE) : Breaking above resistance

by Josh Penn West Petroleum Ltd. ($PWE) is breaking above resistance on heavy volume today. Penn West Petroleum Ltd. is up 4.28% at $12.17 on a volume of 2,405,880 shares, matching the normal daily volume here at the noon hour. Penn West Petroleum Ltd. continues to trade along the upper edge of the price envelope (band).

52 Week Range $8.59-$16.70 Market Cap 5,919,562,294 Average Volume 2,983,230 Dividend Yield 8.80% Institutional Ownership 46.60% Insider Ownership: 0.00% Percentage of Float Short 1.50% Beta 1.51

Penn West Petroleum Ltd. is above the 50 day moving average and above the 200 day moving average.

Penn West Petroleum Ltd. Penn West Petroleum Ltd is is engaged in the operations of light oil in Canada. It also produces conventional oil and natural gas.

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