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Penn West loss widens on hedging

Penn West president and chief operating officer Murray Nunns.

TODD KOROL/TODD KOROL/REUTERS

Canada's Penn West Petroleum Ltd. reported a wider fourth-quarter loss mainly due to hedging losses.

For the October-December quarter, net loss was $62 million, or 13 cents per share, compared with a net loss of $37 million, or 8 cents, a year ago.

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