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Pengrowth Energy Corporation Message Board

  • greenbay_77034 greenbay_77034 Mar 7, 2004 1:46 AM Flag

    Mr. Zach Speaks On Pengrowth

    This is an interesting article. I'm flattered to know a "contrarian" is out there thinking like me. This is like deja vu of my head over the last few days. Only, this argument makes more sense in 2004 than it did in 2003 on a comparative valuation basis in my opinion (EMPHASIS MINE).



    Business Editors

    CHICAGO--(BUSINESS WIRE)--March 7, 2003

    <<<Emotional extremes are the enemy of the investor. If you DON'T take risks in times like these, you will not receive the difficult, but worthwhile gains from buying in a down market. The risk seems greater when the market is down, but you're not going to win unless you take the risk.

    We are offered more financial products and services than ever before. We are now at the market stage that is close, if not at, the bottom. Stocks are in a position to begin a climb fairly soon.

    Pengrowth Energy Trust (NYSE:PGH) is a Canadian royalty trust that owns a portfolio of oil and natural gas properties through its operating company, Pengrowth Corporation. The company and its management have a SOLID, 14-year track record as a public company. Efficient operations and SMART acquisitions have allowed distributions per unit to INCREASE significantly over time, EVEN WITH additional units {{DILUTION}} being issued. Debt is 15% of total capital and annual interest costs consume 7% of cash flow. Fraser and his team are attracted by the current cash returns and the low correlation to stocks or bonds...>>>

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    • I'm sorry; market bottom? Nobody taking risks?

      I'm had to make sure this wasnt from March 2003.

      We've got people taking risk left and right like there is none of it anymore.

      While there may be quite a bit left in this run it is not capitulation time.

 
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