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Pengrowth Energy Corporation Message Board

  • two_black_cats33 two_black_cats33 Mar 11, 2014 1:07 PM Flag

    Drop from $6.80 to $6.20 = 15 months of Dividends ~

    It will take 15 months of dividends to make up for the loss from $6.80 to $6.20 ... not good!
    Assuming the price stays where it is now.
    PGH better start showing more profits and more dividends for it to be worth the wait ~

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    • its 6.77 right now. with 2 dividends since your post, you're already ahead of the game.
      and the profits won't start to rise for another year.

    • this board would be far better if rcunj ----- got lost, and stayed there.

    • prometheus_bringsfire prometheus_bringsfire Mar 12, 2014 11:14 AM Flag

      Traders look at charts, dividends are of little concern.
      Investors go with goals:
      From company web site "2013 was a landmark year for Pengrowth, a year in which we set aggressive goals and achieved them. We disposed of approximately $1 billion of non-core assets to fully fund the first commercial phase of the Lindbergh project, received regulatory approval and began construction of the first phase in August. We enhanced the capital efficiency of our non-thermal business and finished the year strongly, with production exceeding guidance, spending $74 million less than budgeted and with $450 million of cash in the bank," said Derek Evans, President and CEO of Pengrowth. "In 2014, our primary objectives will be to get Lindbergh on stream, on time and on budget, maintain our current dividend, while protecting our balance sheet and continuing to invest efficiently in our non-thermal oil properties."

    • What if you just bought in, the div then is pretty good

    • And what are you going to say, two_black_cats when the price comes back up over the next few days as bargain hunters start buying?

      Sentiment: Strong Buy

    • PGH is "Disappointment City!"

    • now cats, easy here.
      you were waiting for upward breakout before jumping in. who would pay 6.80?????????
      fundamentals .lol
      pgh did not quite satisfy investors with last quarter results.
      that just about guarantees a pull back, in addition to current profit taking in general, we could see more of the same.

    • These day to day price changes are meaningless and only provide opportunity for those who believe - like I do - that Pengrowth will double it's cash flow by 2018.

      Sentiment: Strong Buy

    • Yeah, well I'm glad you're beginning to see that. I know you guys get all over RC for some of the pessimistic things he says, but him, me and a number of others here have really had to ride the horse--and then get kicked in the teeth numerous times. It's not hard to see why he's as angry and cynical as he is. I've already lost most of my investment and all I'm trying to do at this stage is to just get my money back--and then get out--but with irrational sell-offs like this, even 10 years of dividends can't make up the loss. The entire NG sector is beaten up badly across the past 2 years and I don't know what in tarnation it's gonna take to get the investors to start buying in again. Ironically, the company itself seems to be on better footing now than it's been over the last 3-4 years.This downturn has already lasted MUCH too long.

    • In 15 months the price will be pushing $ 8, 9, 10 or more.. very good!
      Divy more like being paid to wait..
      (unless the fields and equipment at Lindeburg all blow up)..

      One should take pause and remember:

      The company is not defined exclusively by the market trading action..
      Hyper traders tend to flip their data, depending on holding or buying impulse.

      The market will sooner or later reflect how management executes on stated goals ( dividend, continue with on going operations, complete the injection and recovery systems at Lindeburg....

      Technicals and fundamentals --- are not in conflict here, just moved by different laws......

6.40+0.11(+1.75%)4:00 PMEDT

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