The Successful Investor, in the February, 2016, issue, says hold Pengrowth Energy Corp., recently 72 cents. 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 a painful $1,769. Pengrowth recently sold its Jenner oil property in Alberta for $78-million. This is part of its plan to unload $600-million worth of non-core assets so it can pay down its long-term debt, which as of Nov. 30, 2015, was $1.86-billion, a hefty 4.8 times market cap. The Investor is worried that low oil prices will hinder Pengrowth's repayment abilities. As a result, it has cut its rating on the stock to "speculative" from "average." Hold.