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Pengrowth Energy Corporation Message Board

  • guidestar099 guidestar099 Jun 25, 2012 12:18 PM Flag

    hyperventilating

    Talk about an overreaction!
    First of all, PGH is solidly run. There is nothing wrong with the enterprise or its managers.
    Second, while it is true that crude could trade down to $50 in a really bad econ. scenario, if you have any reasonable amount of confidence that it will again trade at $80-100, and you can stop worrying about the daily price of stocks like this, you'll do perfectly fine.

    The dividend could be cut, sure. And when the price of the commodities that support the div rise once more, so will the dividend.

    All we have gpoing on right now is a pronounced fluctuation in commodity price. That is the nature of the beast -- it happens over and over, over the course of the long-term.

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PGH
1.74-0.09(-4.92%)May 27 4:02 PMEDT