11:48:57 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Pengrowth Energy Corp
Symbol PGF
Shares Issued 547,708,699
Close 2017-01-10 C$ 1.84
Market Cap C$ 1,007,784,006
Recent Sedar Documents

Successful Inv says hold Pengrowth Energy

2017-01-10 22:47 ET - In the News

The Successful Investor, in the January, 2017, issue, says hold Pengrowth Energy Corp., recently $2.07. 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 $5,088. In this brief update, the Investor says Pengrowth produced 55,137 barrels of oil equivalent a day in the third quarter of 2016, down from 74,239 barrels a day in the same period a year earlier. The drop reflects sales of non-core assets as Pengrowth narrows its focus on the Lindbergh oil sands project in Alberta. Despite the decrease in production, cash flow remained steady at 22 cents a share, thanks to hedging gains and lower operating costs. Pengrowth remains a hold.

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