Slashed operating costs at Penn West trim Q3 losses losses by 70% to $232M

[news]

http://i.cbc.ca/1.3346366.1449019066!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_460/alberta-energy-layoffs-20150901.jpg Penn West Petroleum Ltd. says its third-quarter revenue was less than half what it was a year ago, but its loss for the period was reduced by nearly 70 per cent as it slashed operating costs.


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