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Pengrowth Energy Corporation Message Board

  • pendlorian pendlorian Jul 17, 2013 10:41 PM Flag

    Book value $8.07 + new 51% reserves $1.88 = $9.95 BV. Huge upgrades coming

    The value of the 2P reserves alone is estimated at $973 million (BTAX PV10) or $1.88 per share.

    Who is selling??? and Why? 9.2% guaranteed divi...
    August 2012 was the last time PGH traded 6 mil shares on the session.
    Breakout coming to a neighborhood near you. GLTA Pen

    Sentiment: Strong Buy

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    • Dude, I want the stock to go up just like you and believe it is underpriced. However, your calculations are based on wrong assumptions. First, the 51% increase is just for the Lindberg project, not for the rest of the assets. Lindberg still makes up the minority of the assests. Additonally, the disposition of assest should actually leseen the book value number from an assests perspective so can't use the 51% for the disposed assets. The cash received for the disposed assets isn't increasing 51%.

    • Absolutely! Who is selling? The uninformed who insist on looking to the PAST for guidance. Look to the future and PGH will reward you very, very well.

      Sentiment: Strong Buy

 
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