TSE:PGF

Pengrowth Energy (PGF.TO)

0.06
-0.00 (0.00%)
as of Jan 9, 2020, 9:00:00 pm Market Open.
120 watching
0
COMMENT
Can they retain their dividend policy? This is somewhat problematic for this company but you are better to buy, these with a lower yield because they are probably more sustainable.
HOLD
(Market Call Minute.) A little too much gas weighting but has recently combined with Newalta (NAL-T).
HOLD
Just acquired NAL Energy (NAE-T). Synergies between the 2 companies have been well received on the street. Believes the dividend will be sustainable. Doesn't see a massive production growth. Their main Swan Hills property is quite complicated making it quite difficult to get them going.
DON'T BUY
He lines companies up based on quality of fundamentals and estimated total return. This one hasn't made the cut to get into his portfolio. They are trying for a long-term growth strategy which increasingly looks like it will involve oil sands. Near-term it is not reasonable to expect a lot of growth.
HOLD
Acquisition will be good for them. They have had some better results recently. Netbacks were better; FD&A costs were within expectations. Have been focusing much more on liquids, which he likes. Overall he would hold on to it. Generous yield.
DON'T BUY
Isn’t one of his favorites because he thinks there is good potential for it to cut its payout. There is more gas.
PARTIAL BUY
Has had a good change in management. A lot of exposure to the Swan Hills area. Had a lot of hiccups there and he is waiting for the dust to settle down. At the $9.50-$9.80 level you could dip in.
HOLD
Are exposed half and half to oil and Nat Gas. Nat gas has been so depressed that companies with an exposure have been hurt. PGF’s last quarter was in line and dividend is all right for the time being. Would hold for the long term.
DON'T BUY
Everybody that was in gas are looking at oil. He would be a little reluctant on this one. We don't have winter and gas in North America has become almost entirely a weather related economy. It will be another year before there is even any hope of gas prices turning around.
PAST TOP PICK
(A Top Pick Jan 31/11. Down 14.81%.) Got stopped out in Aug/11. Have a pretty good suite of assets right now.
DON'T BUY
The dividend is pretty safe an all growth is in one place. There are way better names to invest in.
COMMENT
Decent mid-cap yield play. Good asset base. Long-term assets. Well-run. Not a bad company.
BUY
Did a good job of turning the ship around. Dividend is sustainable at this point in time.
HOLD
Just came out with earnings of $.29 a share in the 3rd quarter. They pay a good dividend. Have a lot of debt on the books but they managed to continuing to be profitable. Could be good upside.
COMMENT
Yield of over 8% and you always want to be suspicious when you see yield like this. You have to do some fundamental homework to see what the payout is. Would be very careful.
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