The Successful Investor, in the September, 2016, issue, says hold Pengrowth Energy Corp., recently $1.93. 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 $4,743. In this brief update, the Investor says Pengrowth produced 56,735 barrels of oil equivalent a day in the second quarter of 2016, down from 74,113 barrels a day a year earlier. The decrease reflects non-core asset sales. Pengrowth is using the sale proceeds to reduce debt, which has dropped by 12.3 per cent since year-end 2015 and now stands at $1.5-billion, or 1.5 times market cap. Hold.