two intermediate producers

This is a look at two intermediate oil and gas producers -Pengrowth and Pennwest.Pengrowth produces more natural gas that Pennwest but Pengrowth is working on developing a heavy oil plant in the oil sands area.Pennwest is slowly(at this stage) divesting some of it's acreage while Pengrowth is  selling only  a little non-core assets.However at this time debt is more of a problem  for Pennwest than it is for Pengrowth.Pennwest has about$2.7 billion in debt while Pengrowth has $1.7 billion but Pengrowth has increased revenue after acquiring another producer called N.A.E Oil and Gas.Pengrowth has negative EBITDA of $66 million while Pennwest has a negative EBITDA of $134 million.Neither will likely have a positive EBITDA for this quarter but Pengrowth will be closer while continuing to generate more revenue from it's oil sands plant.
The price of oil has come down this quarter from the last quarter while natural gas has increased slightly.This will help Pengrowth more than Pennwest and should show a greater increase in revenue for Pengrowth.Look for a small negative EBITDA for Pengrowth and a bigger one for Pennwest.Then investors will have to ask themselves if Pennwest still deserves such a premium in it's stock price.see Workathon for stock market advice