The Globe and Mail reports in its Wednesday, March 22, edition that RBC Dominion Securities analyst Shailender Randhawa says Pengrowth Energy's $180-million sale of a portion of its Swan Hill assets in Alberta is not a "home run." The Globe's David Leeder writes in the Eye On Equities column that Mr. Randhawa believes the deal with an undisclosed private company, announced Monday, buys time for the Calgary-based company as it works to repay 2017 debt maturities. Pengrowth said the deal is in keeping with its strategy to de-lever its balance sheet, allowing it to "streamline and high-grade its remaining portfolio." The divested assets generated average daily production of 4,920 barrels of oil equivalent per day during the fourth quarter of 2016. He says, "Applying the proceeds to remaining 2017 debt maturities, and updating for the mid-point of Pengrowth's revised 47,000 to 49,000 production guidance range, we project the company to exit 2017 with $63-million of cash." Mr. Randhawa boosted his rating on Pengrowth to "sector perform" from "underperform." Mr. Randhawa continues to target the shares at $1.75. Analysts on average target the shares at $1.97.