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Pengrowth Energy Corporation Message Board

  • hardmetalman1 hardmetalman1 May 12, 2014 9:32 PM Flag

    Pengrowth hit it out of the park this quarter:

    This quarters funds from operation were 27 cents per share. A whole 32% over a year ago. Production is holding up fine considering the assets sales. Two out of three well pads have been drilled at Lindbergh and most of the components for completion of the project have been purchased, on site, and being installed. For a project of this size the 6.7% budget over run doesn't seem to be unreasonable.

    Management has done everything it has promised over the last three years and when the market opens tomorrow the stock price will reflex that reality..

    Sentiment: Strong Buy

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