UPDATE 1-Penn West Petroleum lowers capex, suspends dividend, to cut jobs
September 01, 2015 at 06:41 AM EDT
Sept 1 (Reuters) - Canada's Penn West Petroleum Ltd cut its 2015 capital budget for the third time this year, suspended its dividend and said it would lay off about 35 percent of its workforce as it copes with the slump in crude oil prices.
