The Successful Investor, in the June, 2015, issue, refreshes its buy of Pengrowth Energy Corp., recently $3.74. The Investor said buy 18 times from August, 2005, to March, 2015, at prices ranging from $4.15 to $26. Assuming a $1,000 investment for each of the 18 buys, the $18,000 position is now worth $7,008. Pengrowth recently started operations at its Lindbergh project in eastern Alberta, which is expected to produce 16,000 barrels a day by year-end. Meanwhile, in response to low oil prices, the company has shut down underperforming wells. That is why its production fell to 69,442 barrels a day in the first quarter of 2015 from 75,102 barrels a day a year earlier. Excluding unusual items, Pengrowth earned $64.8-million in the most recent quarter, compared with a year-earlier loss of $2.8-million. Cash flow fell to 21 cents a share from 27 cents a share. Over the rest of 2015, Pengrowth has hedged 78 per cent of its oil production at $93.87 a barrel (well above today's price of $60.16 (U.S.)) and 57 per cent of its gas production at $3.72 per thousand cubic feet (above today's price of $2.94 (U.S.)). These hedge positions were worth $354.3-million as of March 31, 2015. Pengrowth is a buy for aggressive investors.