Daily Stock Opinions and Ratings

Opinions

Larry Berman CFA, CMT, CTA Pengrowth Energy Trust (US) PGH-N SELL Dec 10, 2012

It’s a tough story. The chart has nothing redeeming. High dividend and people are wondering when the bottom is coming. You have to look at a point on the charts and say it is past where you are comfortable holding it and then get out. He does not know it if it will turn around any time soon. Tax loss selling still to come so there is more downside.

Larry Berman CFA, CMT, CTA

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$4.870

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SELL

Sell. More oil than natural gas. Had problem with restatement of reserves.

DON'T BUY

Had to take major write downs. The managment team pays out almost all of the distributable income. Don't own.

DON'T BUY

Has not been a favorite. Was not happy with their purchase of gas reserves off Nova Scotia. Recently had to write down their reserves.

WAIT

Has recently had a distribution decrease. Reserve life of 10/10.5 years. Have had some problems on the East Coast. Just made a big acquisition of Murphy Oil. Wait to see how they manage these new assets.

WEAK BUY

Generally well regarded. First-quarter results indicated some unexpectedly high production declines but were offset by lower royalties and lower operating costs. A new issue could be forthcoming.

DON'T BUY

Very efficiently run trust. Oil/natural gas prices will likely decline over next year, so distributions will remain stagnate. Have an underperform recommendation and would not commit money.

DON'T BUY

Tends to pay out pretty much all of their cash flow which is a little bit worrisome.

SELL

If owned, sell and move into a natural gas oriented trust such as Focus Peyto,Arc Energy,Prime West and Shining Bank.

DON'T BUY

Thinks there are better business models out there.

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Larry Berman CFA, CMT, CTA Pengrowth Energy Trust (US) PGH-N SELL Dec 10, 2012

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