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Pengrowth Energy Corporation Message Board

  • sigallbenjamin sigallbenjamin Feb 25, 2013 6:40 PM Flag

    New to this stock, trying to catch the knife.

    I am new to Pengrowth, I bought last week at $4.36, and doubled my position today at $4.07.

    I read somewhere that they have paid a dividend for 25 years, and I read their presentation from the investor portion of the web site where they basically swear that they are not going to cut the dividend again.

    The risk reward seems great on this stock, the only question I have is whether the knife keeps falling further before people realize that a 12% dividend on a multibillion dollar stock that is trading below half of book value is stupid? What is this stock worth once that Lindbergh thing pans out and the prices of the black gold they drill recovers to a normal level? What happens if they return to a $.07 monthly dividend, does the stock go to $12, $15? I love that risk / reward proposition.

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6.69-0.06(-0.89%)Jul 25 4:06 PMEDT

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