TOP TWENTY UPDATE / PENN WEST PETROLEUM
FIDELITY PURCHASES PENN WEST PETROLEUM LTD. COMMON STOCK
BOSTON, Nov. 19 /CNW/ - Fidelity Management & Research Company (FMR) and
Fidelity Management Trust Company (FMTC), 82 Devonshire Street, Boston,
Massachusetts, announced that certain open-end investment companies of which
FMR serves as investment manager and an institutional account for which FMTC
serves as investment manager have in public transactions purchased Penn West
Petroleum Ltd. common stock. The common stock purchased, together with
previously acquired shares, represents 10.04% of the issued shares of such
class.
Fidelity fund and trust account purchases have been made for investment;
the Fidelity funds and trust account may, subject to market conditions, make
additional investments in or dispositions of securities of Penn West Petroleum
Ltd. in the future, including additional purchases of the common stock. FMR
and FMTC do not, however, intend to acquire 20% of any class of the
outstanding voting or equity securities of Penn West Petroleum Ltd.
For further information: Chethan Lakshman of Fidelity, (416) 307-5220 |
