SOURCE: The Bedford Report

The Bedford Report

July 08, 2011 08:16 ET

Penn West Petroleum and Provident Energy Maintain Strong Dividends as Revenues Grow

The Bedford Report Provides Equity Research on Penn West Petroleum & Provident Energy

NEW YORK, NY--(Marketwire - Jul 8, 2011) - Companies in the Oil & Gas sector with operations in Canada and the US have posted surging top lines in recent quarters as global fuel consumption continues to grow. With profits on the upswing, several explorers have begun boosting dividend payments. The Bedford Report examines the outlook for companies in the Oil & Gas Sector and provides equity research on Penn West Petroleum Limited (NYSE: PWE) (TSX: PWT) and Provident Energy Limited (NYSE: PVX) (TSX: PVE). Access to the full company reports can be found at:

According to Natural Resources Canada, Canada is the world's third-largest producer and exporter of natural gas. As part of a fully integrated and continental natural gas market, Canada moves its natural gas resources "seamlessly" across provincial and national borders, from supply basins to demand centres. In Canada, Regulation of the oil and gas sector is designed to protect drinking water and water quality in lakes and streams. The specific regulations vary between jurisdictions but in all cases, Canadian shale gas production always isolates and protects drinking water from gas operations.

The Bedford Report releases investment research on the Oil and Gas Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at and get exclusive access to our numerous analyst reports and industry newsletters.

Provident Energy is a Canada-based corporation that owns and manages a natural gas liquids (NLG) infrastructure and logistics business. Provident's Midstream facilities are located in Western Canada and in the premium NGL markets in Eastern Canada and the US. Presently Provident Energy pays an annual dividend of 55 cents per share for a hefty yield of around 6.2 percent.

Penn West Petroleum currently pays an annual dividend of $1.10 per share for a yield of approximately 4.7 percent. The company recently said it is experiencing operations and production interruptions due to wildfires in north-central Alberta in the Slave Lake area and flooding in southern Manitoba and Saskatchewan. The temporary shut-ins impacted Penn West's daily production by approximately 20 percent.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

Contact Information