"This announcement delivers on our commitment to dispose of our Weyburn asset," said Derek Evans, President and Chief Executive Officer of Pengrowth. "We have achieved full market value after a very thorough sales process. The proceeds will be used to fund 2013 spending on our Lindbergh project. We will continue to take a disciplined and proactive approach to maximizing value from our existing portfolio and capital expenditure program to facilitate the sustainability of our dividend."
This was the statement after the Weyburn sale was announced. Doesn't sound like dividend reduction is in the near future.