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Pengrowth Energy Corporation T.PGF

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  PGH| T.PGF.DB.B

Pengrowth Energy Corp is engaged in the development, production and acquisition and exploration of oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia.
Price: $1.72 | Change: +$0.05 | %Change: +2.99%
Volume: 1.0m | Day High/Low: 1.74/1.65 | 52 Week High/Low: 6.96/1.10
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0 stars

RE:cant help but wonder .. if this gets driven

..so this would increase debt and reduce equity.  Right now they have a severe problem of too little equity and too much debt.  Your suggestion would be a suicide move.  They need to get...read more
0 stars

cant help but wonder .. if this gets driven

low enough, if the company will jump in and reduct the float. Just thinking out loud.  rate and reply
0 stars

14% Yield

Take it to the Limit, Woot Woot,  rate and reply
0 stars

PGF Confirms 2 cent dividend payable September 15, 2015

Pengrowth Energy Confirms Cdn $0.02 Cash Dividend Payable September 15, 2015 CALGARY, ALBERTA--(Marketwired - Aug. 13, 2015) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) today announced that...read more
0 stars

RE:RE:RE:Asset Sales

Squint1 wrote: (1)  cut the dividend and the share price will drop.   (2)  At 6% interest, the cash flow effect is $9 million per quarter on a $600 million debt reduction ($600 x .06 /4).   (3)  At a...read more
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EIA - if you believe them - article/numbers from yesterday

EIA article  rate and reply
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PGF

uptick = instant short in. downtick = buy to cover line up MMs = facilitator/major player at short end. U.S. led MMs partnered with Canadian firms skim over 1B from market cap in 5 weeks. Dont try...read more
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RE:RE:RE:Asset Sales

forecast is a estimate like trying to predict the weather, management might get uptight about covenants but I don't think sh should lose sleep on it and that's not to say to be loose  rate and reply
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RE:RE:Asset Sales

They are focused on the debt reduction because the forecast is they will violate their debt to cash flow covenants by Q2 2016 at the latest.  See TD's update report on PGF.  Also there is another...read more
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RE:RE:Asset Sales

(1)  cut the dividend and the share price will drop.   (2)  At 6% interest, the cash flow effect is $9 million per quarter on a $600 million debt reduction ($600 x .06 /4).   (3)  At a 4 times cash...read more
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RE:Asset Sales

Squint1 wrote: Assuming they sell $600 million of propeties, at a generous 4 times cash flow multiple, this would mean giving up $37.5 million of cash flow per quarter.  This represents 34% of Q2's...read more
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RE:Asset Sales

Cutting the div absorbs all that revenue loss. Plus debt service cost gets cut by 1/3. They still have options. I smell a nervous short here guys.  rate and reply
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Asset Sales

Assuming they sell $600 million of propeties, at a generous 4 times cash flow multiple, this would mean giving up $37.5 million of cash flow per quarter.  This represents 34% of Q2's cash flow and...read more
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RE:Interesting read

oh this has already been posted damn  rate and reply
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Interesting read

Game of greed? If they choked anything its investors and not so much the country itself. Dont agree with everything said 100%, but it has its valid points. http://business.financialpost.com/news...read more
0 stars

Agent Orange

Five Canadian business stories to watch for this week Air Canada passengers queue at Trudeau Airport in Montreal, on Friday, Apr. 13, 2012. (THE CANADIAN PRESS/Graham Hughes) 7 6 13 0 The Canadian...read more
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NDP

Sounds like they would like to keep some in the ground, this may be a long term before turn around like disolving pulp and Iron Ore, terrible  rate and reply
1 star

RE:A good read. We all knew it was bound to happen

A good read indeed. Very informative also.  But (there is always a butt)..... Underestimating the game of Saudis is almost as bad as buying more PenGrowth stock to average down. In my opinion...read more
3 stars

A good read. We all knew it was bound to happen

http://business.financialpost.com/news/energy/saudi-arabia-faces-existential-crisis-after-its-misjudged-gamble-on-oil  rate and reply
0 stars

RE:RE:Assets For Sale

llennn wrote: you have to watch that the shareholder does not end up holding the debt in any kind of restructuring maybe, I just put in the money I made from this but it ould be tuff to put new money...read more