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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: $3.16 | Change: $-0.08 | %Change: -2.47%
Volume: 5.9m | Day High/Low: 3.31/3.15 | 52 Week High/Low: 7.78/2.765
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0 stars

Signs

Big oil is cutting billions per hour in near term and future production.  The refiners are already hiking the price off gas.  Keystone push!  rate and reply
0 stars

RE:RE:RE:RE:RE:RE:Debt Covenants and Market Capitalization

No, of course not.  If oil goes above the approx. $90 hedge level, then things improve - but who sees that happening ?  rate and reply
0 stars

RE:Big oil

Should shut down completely and buy 45000 bls a day that they have already sold at $95 and make more money than they ever have. JMHO  rate and reply
0 stars

RE:Big oil

  rate and reply
5 stars

RE:RE:RE:RE:RE:Debt Covenants and Market Capitalization

So Squint1, since you say that it is just a matter of time for the hedges to play out and the Debt/EBITDA to hit the tigger point, I'm assuming you're saying that this will happen irrespective of the...read more
0 stars

Big oil

It make more sense for big oil companies to buy production then drill for it!  rate and reply
0 stars

Pgf

This is the time of year when they do put oil into inventory and should not be used as a metric to sell shares.  The supply issues will be  taken care of by the summer driving season and you tell me...read more
1 star

RE:RE:RE:RE:RE:Debt Covenants and Market Capitalization

Maybe you are right. If this company is hedged with $90 oil right now and is worth $3.40 a share for the next year, what are they forward selling now? This could be worth half it value by next year  rate and reply
0 stars

RE:RE:RE:RE:Debt Covenants and Market Capitalization

OK, what I am saying is all of that is already priced into the share price and NO it won't save them from debt default.  It is just a matter of time for the hedges to play out and the Debt / EBITDA to...read more
5 stars

RE:RE:RE:Debt Covenants and Market Capitalization

What I am saying is that considering all the capital costs have been sunk already, annd they get 12,000 + BOPD it is meaningful and will save their a@@S from bankrupcy or forced sale...  rate and reply
4 stars

Debt reduction

Using the investor day presentation and listening to Chris Webster talk about 2015 plan on debt reduction (aprox 27 mins in) here is what I heard. 'Soft target' of reducing debt in the amount of...read more
0 stars

RE:Debt Covenants and Market Capitalization

Which banks are holding the instruments of debt? Are they likely to play hard ball?  rate and reply
1 star

1 bil mkt cap...7 bill in equity

Some point this gets taken over  rate and reply
1 star

RE:RE:Debt Covenants and Market Capitalization

"Working well" in an engineering sense does do much for you in an economic sense if oil prices stay low.  rate and reply
0 stars

RE:Debt Covenants and Market Capitalization

If Lindbehrg wells are working as well as the old one, i believe the banks will back off  rate and reply
1 star

Debt Covenants and Market Capitalization

Whether this covenant is met or not depends on the Q4 writedown of book assets.  If written down to a value reflective of current market - there may be a problem. The key financial covenants as...read more
0 stars

RE:Lindbherg

An update on this is more than overdue. First steam was over 6 weeks ago. GLTA  rate and reply
1 star

Revised TD forecast

TD now forecasting WTI at $50 / $60 for 2015 / 2016.  WCS at $44.50 / $55.50 and AECO at $3.05 / $3.25.  Forecast cash flow for PGF is $.87 per share for 2015 and $.85 for 2016.  This brings it closer...read more
0 stars

Closing in on 50 day

Strong couple of days for Pengrowth.  Would be great to close above 50 so it could pop up on technicals. US dollar taking a hit, should help oil prices.  rate and reply
3 stars

Lindbherg

Should save this company, if the wells are as good as the original pair.  All the costs are now sunk and behind the Company, and the output from the new wells should make up for any decline in their...read more