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Penn West to cut 35% of work force, suspend dividend on oil slump - The Globe and Mail

The Globe and Mail

Penn West to cut 35% of work force, suspend dividend on oil slump
The Globe and Mail
Canada's Penn West Petroleum Ltd cut its 2015 capital budget and said it would suspend its dividend and reduce its work force by 35 per cent, helping it save about $140-million as it copes with the slump in crude oil prices. The oil and gas producer ...

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