Penn West cells core asset for $148 million

Penn West Petroleum Ltd. has announced it plans to sell a core asset property in Slave Point, Alberta for $148-million. With the additional sale of non-core assets, the company is set to collect $230-million. The deal is expected to close in the second quarter of 2016. (Written by: N. Reitmayer; Original information source: Financial Post)

Suncor announces new Canadian oil sands executives

After winning its aggressive campaign to takeover Canadian Oil Sands Ltd., Suncor Energy Inc. announced yesterday a list of new executives and directors for the company. The deal, worth $6.8-billion, closed on Friday. Meanwhile, approximately two dozen Calgary employees of COS will have to wait until the end of February to learn if they will be transitioned into the new …