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Daily Stock Opinions and Ratings
Stockchase Opinions

Larry Berman CFA, CMT, CTAPengrowth Energy Trust (US)PGHSELLDec 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, CTALarry Berman CFA, CMT, CTA
Unknown
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$4.87

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DON'T BUY

Pengrowth Energy Trust (US)(PGH)

Jul 30, 2004
Thinks there are better business models out there.
Photo of Matt BaillieMatt Baillie
No
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$14.95

Stock price when the opinion was issued

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SELL

Pengrowth Energy Trust (US)(PGH)

Jul 20, 2004
If owned, sell and move into a natural gas oriented trust such as Focus Peyto,Arc Energy,Prime West and Shining Bank.
Photo of Peter BriegerPeter Brieger
No
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$19.48

Stock price when the opinion was issued

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DON'T BUY

Pengrowth Energy Trust (US)(PGH)

Jul 15, 2004
Tends to pay out pretty much all of their cash flow which is a little bit worrisome.
Photo of Ben ChengBen Cheng
No
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$19.07

Stock price when the opinion was issued

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DON'T BUY

Pengrowth Energy Trust (US)(PGH)

Jun 15, 2004
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.
Photo of Blair WilsonBlair Wilson
No
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$18.30

Stock price when the opinion was issued

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WEAK BUY

Pengrowth Energy Trust (US)(PGH)

May 18, 2004
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.
Photo of Leslie LundquistLeslie Lundquist
No
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$17.80

Stock price when the opinion was issued

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WAIT

Pengrowth Energy Trust (US)(PGH)

May 05, 2004
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.
Photo of Dean OrricoDean Orrico
Owned
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$18.04

Stock price when the opinion was issued

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DON'T BUY

Pengrowth Energy Trust (US)(PGH)

Mar 05, 2004
Has not been a favorite. Was not happy with their purchase of gas reserves off Nova Scotia. Recently had to write down their reserves.
Photo of David CockfieldDavid Cockfield
No
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$18.39

Stock price when the opinion was issued

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DON'T BUY

Pengrowth Energy Trust (US)(PGH)

Feb 05, 2004
Had to take major write downs. The managment team pays out almost all of the distributable income. Don't own.
Photo of Ben ChengBen Cheng
No
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$16.20

Stock price when the opinion was issued

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SELL

Pengrowth Energy Trust (US)(PGH)

Feb 04, 2004
Sell. More oil than natural gas. Had problem with restatement of reserves.
Photo of Peter BriegerPeter BriegerUnlock Rating
$16.85

Stock price when the opinion was issued

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DON'T BUY

Pengrowth Energy Trust (US)(PGH)

Jan 21, 2004
Any kind of bad news, such as energy prices, will drop the price very quickly because of the amount of US investment. Nervous about this.
Photo of John PriestmanJohn Priestman
No
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$19.56

Stock price when the opinion was issued

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DON'T BUY

Pengrowth Energy Trust (US)(PGH)

Dec 18, 2003
Because of US interest, their numbers and prices have grown dramatically. Not based on fundamentals, so would take some profits.
Photo of Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.Unlock Rating
$20.85

Stock price when the opinion was issued

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DON'T BUY

Pengrowth Energy Trust (US)(PGH)

Nov 26, 2003
Q: Why is Pengrowth higher in value than Arc Energy? A: Income trust trade on yield and that's what attracts investors. This company pays out about 100% of its cash flow and Arc pays out about 70%. Prefers Arc Energy.
Photo of David BaskinDavid Baskin
No
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$19.06

Stock price when the opinion was issued

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BUY

Pengrowth Energy Trust (US)(PGH)

Nov 07, 2003
Had a very good third quarter. Acquired 8 ½% in the Sable offshore oil fields. Profitability on that production should go up dramatically.
Photo of John PriestmanJohn Priestman
Owned
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$18.27

Stock price when the opinion was issued

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BUY

Pengrowth Energy Trust (US)(PGH)

Nov 05, 2003
Has good growth potential at these levels. Has some good assets. There may be some small write-downs on their East Coast assets. Production levels haven't been as high as expected.
Photo of Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.
Owned
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$18.00

Stock price when the opinion was issued

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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