Penn West, a Canadian oil company, made several acquisitions that led to a buildup of goodwill. There was concern that this goodwill had been impaired when the economic environment worsened.
The concern deepened as economic factors improved but the stock performance of Penn West continued to be inferior, suggesting that the market believed the firm was potentially overvalued. It was becoming clear that Penn West had been excessively confident in its forecasts affecting revenue flows from its properties. Would the company manage to move forward? How?
Penn West Petroleum Ltd. case study solution
PUBLICATION DATE: July 31, 2015 PRODUCT #: W15336-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
