Pengrowth Energy (PGF.TO) Buy, Sell or Hold

Pengrowth Energy (PGF.TO)

0.06

-0.00 (0.00%)

as of Jan 9, 2020, 9:00:00 pm Market Open.

120 watching

BUY

Decent name. Solid team and no issues with the balance sheet. Starting to get into shale plays and horizontal drilling. Good entry point.

PAST TOP PICK

(A Top Pick Nov 3/09. Up 7.1%.) Still a buy.

HOLD

Evenly split between oil and gas. Very good properties and fairly consistent management. As these companies convert to corporations, there will be a lot of M&A activity.

HOLD

One of the bigger oil/gas trust companies. In an age that team is doing a good job. We'll have to convert to a corporation but they plan to continue paying a dividend.

DON'T BUY

Have already slashed distributions once so they should be able to maintain current distributions after conversion. Operating costs were higher than expected recently and reserve replacement was below expectation.

DON'T BUY

Would not put in his must-have category. Does not see an obvious catalyst to the shares going higher. No clear focus on one play. They are middle of the road.

TOP PICK

Had a good run and in the process of re-calibrating as a company with the new management team. With new team, the stock is in the process of re-calibrating. Safe dividend payout. Cut down debt. Payout ratio looks sustainable.

TOP PICK

Has a new leader. One of Canada’s oldest energy trusts. Are particular on where they spend money and have to cut their distribution so they shouldn’t have to do it again.

BUY

Has 3 to 4 years of tax pools so 7.7% yield is sustainable as long as oil stays above $70 a barrel. Have terrific properties.

COMMENT

Not a bad place to be. They will have to address some changes on the trust side.

TOP PICK

Likes new management. Will have to change the culture from what the company was too more of an exploration/production. Expect they will continue a dividend after conversion to a corp but there will still be growth. Debt levels are in control.

COMMENT

Had a management shake-up and likes the new management. This wouldn't be his 1st choice in royalty trusts. (See Top Picks.)

BUY

(Market Call Minute)

WEAK BUY

Fairly priced. A little over 8% yield. Have already addressed the distribution and are pretty well set up for 2011. Have oil, half gas.

WATCH

Didn't do a great job of migrating their asset base towards more sustainable properties and had a very high payout ratio. Change in management and thinks the direction will change significantly but will take some time, possibly 12 to 24 months.

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Pengrowth Energy (PGF.TO)