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

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Daily Stock Opinions and Ratings

Pengrowth Energy (PGF.TO)

0.06

-0.00 (0.00%)

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

120 watching

COMMENT

Has a risk of having distribution cuts.

PAST TOP PICK

(A Top Pick Nov 14/06. Up 17.8%.) Feels the distribution is fairly safe for the time being. Good holdings and good assets.

HOLD

A well-run company and he doesn't expect them to cut the dividends. Would look for a bit of a rally when the energy price comes back a little.

WAIT

Recently merged with and other large group of properties. Likes some of their assets and it is reasonably well managed. Expecting a decline in its distributions. That would be a good time to buy.

HOLD

Good management, and if any management is capable of making a transition from a pure production play to production and exploration, this is one.

BUY

Likes this one and is holding onto it despite the pullback. A midsize player. Reasonable multiple. Distribution is fairly safe. A modestly growing production profile which he likes.

DON'T BUY

The oil/gas sector will be the one most affected by the new legislation. This company hasn’t kept up as well as others in building up a sustainable side of its business. Payout ratios are relatively high.

DON'T BUY

Had been dropping even before the government ruling on income trusts. Chart shows that it is not going up.

HOLD

Not one of his favorites. Was impressed with the deal they just made, taking over some of the ConocoPhillips (COP-N) assets. A good potential name going forward.

DON'T BUY

If you are looking at royalty trusts, you really have to look at what is going on right now. If you're waiting for a government ruling, this is speculation.

WEAK BUY

Worth owning, but would not be one of his top picks on the oil/gas side. Made an acquisition of Esprit Energy at a very good price. Not really cheap at this point.

TOP PICK

Just hit a 52 week low. Yield is now 17%, but doesn’t feel the distribution is in any danger. 50%-50% oil and gas. Has been oversold.

DON'T BUY

Owns in his index fund, but not in the actively managed funds. If oil dropped to $50, and gas stayed at $6, they would cut distributions. Have a little bit higher payout ratio and debt level than he likes.

TOP PICK

Rate of growth has been 20.7%. Just acquired Esprit Energy, a natural gas company. Will be buying a block of properties from Exxon Mobil. Strong cash flow.

Showing 271 to 284 of 284 entries

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Pengrowth Energy (PGF.TO)