Current PVA Stock Info

Penn Virginia Corporation (ticker: PVA) announced it entered into a Purchase and Sale Agreement to sell substantially all of its Appalachian assets, with the exception of the Marcellus Shale, to an undisclosed buyer for gross cash proceeds of $100MM. The sale is expected to close before mid-August 2012 with an effective date of January 1, 2012.  PVA intends to use the net proceeds from this sale to help fund the 2012 capital expenditure plan focused primarily on the Eagle Ford Shale.

The divested assets sold include vertical and horizontal coa...

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