From The Motley Fool
Penn West Petroleum (NYSE: PWE) is one of the largest oil and gas exploration and production companies in Canada, and the stock is poised for significant growth in the near term. Although this year its shares have trailed slightly behind the S&P 500, in 2012 the stock was a disaster, showing a drop of more than 45% in the 12 months ending December, which mirrored the company’s unimpressive performance. In fact, in 2012 Penn West was the third among the three worst-performing Canadian energy producers. However, Penn West has gone through a significant overhaul and is now eyeing a turnaround.
