Penn West joins ranks of Canada royalty trusts

摘要

Penn West Petroleum bulked up Canada's royalty trust sector May 27,making the switch after dodging a threatened court fight over executive payouts.Penn West,with output of 101,000 boe/d and a market value of Cus4.58-bil (us3.6-bil),moves from the fifth-largest independent producer in Canada to the largest oil and gas trust.