Today's dip was a good chance to double down.
I'm long...and huge...on PGH. The divy is always choice, and looking at a 5 year chart shows you where this can go as a long-term hold.
CALGARY, ALBERTA--(Marketwire -02/13/12)- Pengrowth Energy Corporation (TSX: PGF.TO - News)(NYSE: PGH - News) today announced its March 15, 2012 cash dividend will be Cdn $0.07 per common share. The ex-dividend date is February 21, 2012. The dividend will be payable to all shareholders who hold shares on the record date of February 23, 2012.
The dividend of Cdn $0.07 per common share is equivalent to approximately U.S. $0.07 per common share using a Canadian/U.S. dollar exchange rate of Cdn$1.00:U.S.$1.00
I have bought for the first time--average under 10 in last two weeks. like the dividend with no intent to sell at all--want to hold for many many years. Like canadian oil instead of holding us dollars.
I would like to know why you are still buying PGH. I
have owned it since 2004. In the past year, I have bought
more to average down. I think I made a mistake. Especially
since recently I have bought CHKR, PER and SDT.
Would you please explain to me why you are buying more
PGH other than possibly trying to decrease your basis cost.
Please don't generalize. Be specific.
You people do what you want but, I have owned PGH since 1998 and it ain't ever gonna be what it was.
I piled high into it back then and the 15% divies were awsome. But when it hit $30 a unit way back when I sold out 99% and sure glad I did. I only hold a hundred shares now...why I don't know cause when they lost the trust status and send out the partnership K-1 with its high tax liability...well it ain't good no more. I can see PGH maybe hittin $13 a share way down the road when NG prices get way higher....oil ain't got much bearing on PGH anymore.