Aug 27, 2014 – News Today

Penn West stock plummets on news of review

CALGARY — Shares in Penn West Petroleum Ltd. plunged Wednesday after it warned late Tuesday it is investigating accounting irregularities that could result in restating audited financial statements. The stock opened down as much as $1.58 or 16 per cent at $8.36. It closed at $8.57, down $1.37 or almost 14 per cent. In the past 52 weeks, it has traded between $7.82 and $12.99. Read More