PENNECO’s business objective is to locate, develop, produce and profitably market oil and gas in an environmentally responsible way. Over the years, PENNECO has achieved consistent results through innovation, managerial excellence and integrity.
The company’s hedging strategy has provided stable returns in an extremely volatile commodity market. PENNECO hedges have been in the money 90% of the time, thereby achieving remarkable downside price risk protection. The financial strength of a multinational integrated oil company, the company’s hedging counter party, is an added assurance of performance.
- Sears and Kmart Deepen Their Marriage to Boost Sales
- Micron's quarterly results, forecasts beat on higher chip demand
- Why Winnebago Industries, Synaptics, and Tesaro Jumped Today
- Suncor Energy Inc. Is Running Out of Room to Grow... What's Next?
- 1962 Ferrari 250 GTO with $45M estimate most expensive car offered at auction