Penn West Petroleum Ltd. (TSX: PWT) (NYSE: PWE). Penn West is one of the largest conventional oil and natural gas producers in Canada. Our goal is to be the company that redefines oil & gas excellence in western Canada. Based in Calgary, Alberta, Penn West operates a significant portfolio of opportunities with a dominant position in light oil in Canada on a land base encompassing approximately five million acres.
Our corporate strategy is to use funds flow from our existing conventional operations to sustain our current dividend and to fund a portfolio of low decline and long reserve life assets aimed at supporting production and a longterm stable dividend. We are a dividend paying intermediate Canadian oil and natural gas producer, headquartered in Calgary, Alberta. We have created a history, over the last 25 years, of consistently paying a dividend to our investors.