Pengrowth Energy (PGF-T) Stock Predictions - Stockchase
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Pengrowth Energy (PGF-T)

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oil/gas

Pengrowth Energy

PGF-T

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Pengrowth Energy (PGF-T) SAVE Apr, 19, 2019, 9:03 am

0.55 0.03 (5.17%)

About Pengrowth Energy (PGF-T)

Pengrowth Energy Corporation is a Canadian oil and natural gas company based in Calgary, Alberta. Established in 1988 by Calgary entrepreneur James S Kinnear, it was one of the largest of the Canadian ... More at Wikipedia

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Pengrowth Energy(PGF-T) 

April 18, 2019

If you believe price of oil is not going over $60-70, and if you believe no egress in takeaway capacity, the bear side comes through. A major shareholder just bought more stock. On the value of barrels in the ground, this is like a lottery ticket on oil if it goes to $100. He sees $100 oil on a consistent basis in next few years, but until then the stock will languish.
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If you believe price of oil is not going over $60-70, and if you believe no egress in takeaway capacity, the bear side comes through. A major shareholder just bought more stock. On the value of barrels in the ground, this is like a lottery ticket on oil if it goes to $100. He sees $100 oil on a consistent basis in next few years, but until then the stock will languish.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.550
Owned Owned
Unknown

WEAK BUY
Pengrowth Energy(PGF-T) 

March 28, 2019

The company is a decent sized company in the thermal oil side. Cash flow is only 6 cents. He has it going up to 11 cents. They will spend CAP-X on expansion. They have to service their debt. Book value is about 45 cents. It takes a long term perspective on this one. There is a lot of value in the ground. You want to have this for the long term but see his top picks for shorter term ideas.
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The company is a decent sized company in the thermal oil side. Cash flow is only 6 cents. He has it going up to 11 cents. They will spend CAP-X on expansion. They have to service their debt. Book value is about 45 cents. It takes a long term perspective on this one. There is a lot of value in the ground. You want to have this for the long term but see his top picks for shorter term ideas.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.560
Owned Owned
Unknown

DON'T BUY
Pengrowth Energy(PGF-T) 

January 24, 2019

The balance sheet is a bit of a problem but the management team has a way to grow this company going forward. It is a thermal player. He needs to see pipe going in the ground.
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The balance sheet is a bit of a problem but the management team has a way to grow this company going forward. It is a thermal player. He needs to see pipe going in the ground.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.730
Owned Owned
No

SPECULATIVE BUY
Pengrowth Energy(PGF-T) 

December 24, 2018

He would bet against any company getting taken out in the next 6 months. He lost a lot of money on this one. He is happy to still own it although they could go bankrupt. They paired own the debt by selling off assets. They have to watch what is going on in the oil price. They have done quite a bit of hedging but will be free of it during next year and the stock will depend more on resource prices. It is a huge risk to own it.
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He would bet against any company getting taken out in the next 6 months. He lost a lot of money on this one. He is happy to still own it although they could go bankrupt. They paired own the debt by selling off assets. They have to watch what is going on in the oil price. They have done quite a bit of hedging but will be free of it during next year and the stock will depend more on resource prices. It is a huge risk to own it.
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Benj Gallander

President, Contra the Heard Inv...

Price Price
$0.475
Owned Owned
Yes

DON'T BUY
Pengrowth Energy(PGF-T) 

December 19, 2018

They have done a Herculean job to try to turn things around. Still very indebted.

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They have done a Herculean job to try to turn things around. Still very indebted.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$0.560
Owned Owned
No

HOLD
Pengrowth Energy(PGF-T) 

October 22, 2018

They are trapped by their hedges at this time.  They come off next year and that should help.  He is happy to hold it.  Next year we could see better results.  He would not buy during tax loss selling.

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They are trapped by their hedges at this time.  They come off next year and that should help.  He is happy to hold it.  Next year we could see better results.  He would not buy during tax loss selling.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$0.950
Owned Owned
Yes

DON'T BUY
Pengrowth Energy(PGF-T) 

October 19, 2018

Although he is an oil bull, selling assets to clean up the balance sheet has limited the ability to improve financially despite the rise in oil prices.  There are better companies to choose from.  

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Although he is an oil bull, selling assets to clean up the balance sheet has limited the ability to improve financially despite the rise in oil prices.  There are better companies to choose from.  

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$0.940
Owned Owned
No

TOP PICK
Pengrowth Energy(PGF-T) 

June 21, 2018

It is a high risk opportunity.  A major investor just bought more.  They have a new CEO.  They are in a better space and debt is down.  (Analysts’ target: $1.01).

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It is a high risk opportunity.  A major investor just bought more.  They have a new CEO.  They are in a better space and debt is down.  (Analysts’ target: $1.01).

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$0.850
Owned Owned
Yes

COMMENT

The stock has bounced because of the higher oil price. It has sold assets to bring down debt, but debt is $600 million compared to an equity base of $1 billion, so it is still a bit high. At this point, they don’t have any key assets for sale. Their low production is 19,000 boe/day, which is this quarter. They will bring on more wells to bring production to 23,000 boe/day by the end of the year. Cash flow will be about $0.20 per year. His target for this year is $2 and $4.50 for the next 3-to-5 years. The company has a new CEO, with relevant (thermal oil) experience.

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The stock has bounced because of the higher oil price. It has sold assets to bring down debt, but debt is $600 million compared to an equity base of $1 billion, so it is still a bit high. At this point, they don’t have any key assets for sale. Their low production is 19,000 boe/day, which is this quarter. They will bring on more wells to bring production to 23,000 boe/day by the end of the year. Cash flow will be about $0.20 per year. His target for this year is $2 and $4.50 for the next 3-to-5 years. The company has a new CEO, with relevant (thermal oil) experience.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.110
Owned Owned
Unknown

PAST TOP PICK
Pengrowth Energy(PGF-T) 

March 16, 2018

(A Top Pick April 7/17 Down 43%). He never pulled the trigger on this as he was waiting to buy on weakness. He thinks it will fall further, but would buy it under $0.80. The company has paid down debt and sees growth through thermal oil. Be patient. 

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(A Top Pick April 7/17 Down 43%). He never pulled the trigger on this as he was waiting to buy on weakness. He thinks it will fall further, but would buy it under $0.80. The company has paid down debt and sees growth through thermal oil. Be patient. 

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.850
Owned Owned
No

PAST TOP PICK
Pengrowth Energy(PGF-T) 

February 12, 2018

(A Top Pick Jan 9/17, Down 53.22%)  He still has not pulled the trigger on it.  Under $0.75 it makes more sense.  They repaired their balance sheet.  They sold their non-core assets.  He thinks we will see weakness into Q2’2018.  He likes the management team.

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(A Top Pick Jan 9/17, Down 53.22%)  He still has not pulled the trigger on it.  Under $0.75 it makes more sense.  They repaired their balance sheet.  They sold their non-core assets.  He thinks we will see weakness into Q2’2018.  He likes the management team.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.900
Owned Owned
No

COMMENT
Pengrowth Energy(PGF-T) 

January 16, 2018

He is underwater with this. He likes to think it is going to turn, and he’s willing to hold on. They paid down an awful lot of debt. It seems like a good speculative play, but he isn’t willing to put more money into it.

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He is underwater with this. He likes to think it is going to turn, and he’s willing to hold on. They paid down an awful lot of debt. It seems like a good speculative play, but he isn’t willing to put more money into it.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$1.030
Owned Owned
Yes

COMMENT
Pengrowth Energy(PGF-T) 

January 5, 2018

(Market Call Minute.) The debt on this is way, way too high. The CEO is very well regarded. He inherited a "bag of hammers" and has been selling off assets to pay down debt. Has been doing a fantastic job, but just doesn't see the investment thesis on this.

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(Market Call Minute.) The debt on this is way, way too high. The CEO is very well regarded. He inherited a "bag of hammers" and has been selling off assets to pay down debt. Has been doing a fantastic job, but just doesn't see the investment thesis on this.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$1.100
Owned Owned
Unknown

PAST TOP PICK
Pengrowth Energy(PGF-T) 

December 18, 2017

(A Top Pick Apr 7/17, Down 29%)  They did a good job of paying down debt.  He thinks they will now move on to phase II of the current project and will bring up production.  They will more than double production.  It will continually bring on more cash flow.  He thinks the stock is cheap. 

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(A Top Pick Apr 7/17, Down 29%)  They did a good job of paying down debt.  He thinks they will now move on to phase II of the current project and will bring up production.  They will more than double production.  It will continually bring on more cash flow.  He thinks the stock is cheap. 

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.010
Owned Owned
No

DON'T BUY
Pengrowth Energy(PGF-T) 

December 15, 2017

They've sold a lot of assets and repaid a lot of debt. They've got covenant amendments, so are still in operations. Sees the balance sheet turning the corner in 2019. The bad news is that the debt to cash flow is about 6 times. Very vulnerable if prices plummet. It is still very pricey on an EV 2 discounted cash flow. He would look at something else.

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They've sold a lot of assets and repaid a lot of debt. They've got covenant amendments, so are still in operations. Sees the balance sheet turning the corner in 2019. The bad news is that the debt to cash flow is about 6 times. Very vulnerable if prices plummet. It is still very pricey on an EV 2 discounted cash flow. He would look at something else.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$0.980
Owned Owned
Unknown

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