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

TOP PICK

Trading at a discount to its peers. 50/50 oil and gas. Have always had great assets but new management will now focus on cost control and more production. 8.2% yield on a 33% payout ratio.

TOP PICK

New management is transitioning from acquisitions to developing present holdings. Likes the new management. Has under performed over the last month but thinks they will divest non-core assets.

HOLD

First-rate income trust. New management team so a “show me” stock.

BUY

Likes the new management with their good track record. Believe they will cut costs, stabilize production and start making acquisitions. At a 33% payout ratio only, feels distributions are safe. They will also be increasing capital.

BUY

Today's 30% distribution cut was disappointing but not unexpected. Newman is and is doing the right thing in increasing capital expenditure and building for the future.

TOP PICK

New leader has a good track record and is very operationally focused. Payout ratio of only 45% so believes the 11% yield is sustainable. Very good old legacy assets. Not expensive.

WATCH

Did not migrate to as much of a balanced model in terms of balancing the level of payout and its capital expenditures as other trusts. New CEO is trying to refocus the company into getting into some of the resource oriented plays.

DON'T BUY

Not one of his favourites. Well managed and pretty good assets. You will get more leverage on the exploration side with a Talisman (TLM-T) or the integrated side with a Suncor (SU-T).

HOLD

Based on current production and cash flow, they are fairly valued. Historically it has been over levered and under performing. New management team has been doing some good things in the constructing portfolios and rejuvenating growth.

WATCH

Has some great properties and assets. Has always had management issues and more recently have brought in a new president who is very well thought of. Anxious to see what he is going to do.

COMMENT

Natural gas is way out of favour. Likes their 13% distribution. You have to be wary as to whether they can sustain it. They need natural gas prices to move up. Big debt load that he doesn't like.

BUY

Well managed company. His outlook for energy long-term is positive. Distribution is a little bit high but doesn't think there is a danger of being cut. (See Top Picks.)

WEAK BUY

Have been transitioning to be more operationally/technically focused. Has helped them in growing production and allowed them to avoid making an acquisition just for the sake of making inaccurate edition. Wouldn't be one of his top holdings.

BUY

(Market Call Minute.) Seems to be a recycling of the management team getting ready for a conversion back to a corporation.

COMMENT

(Market Call Minute.) There are better names out there. He would suggest Fort Chicago (FCE.UN-T).

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Pengrowth Energy (PGF.TO)