The Successful Investor, in the November, 2015, issue, refreshes its buy of Pengrowth Energy Corp., recently $1.41. The Investor said buy 19 times from August, 2005, to September, 2015, at prices ranging from $1.71 to $26. Assuming a $1,000 investment for each of the 19 buys, the $19,000 position is now worth just $3,465. Pengrowth has been selling non-core assets in order to reduce its debt and focus on its more promising operations, such as its Lindbergh oil sands project in Alberta. It recently agreed to sell its Bodo property in eastern Alberta for $95-million. This takes its year-to-date sales to $260-million, out of its full-year sales goal of $600-million, which it expects to meet. The proceeds are going toward debt reduction. Pengrowth's long-term debt as of June 30, 2015, was $1.9-billion, a high 2.5 times its currently depressed market cap. In a separate effort to get its balance sheet under control, Pengrowth has changed its two-cent monthly dividend to a one-cent quarterly dividend, for a new yield of 2.8 per cent. Pengrowth remains a buy, but for aggressive investors only.