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Pengrowth Energy Corporation Message Board

prometheus_bringsfire 1 post  |  Last Activity: Jul 10, 2016 5:13 PM Member since: Sep 14, 2004
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    resolve delisting notice

    by dank2277 May 24, 2016 2:10 PM
    prometheus_bringsfire prometheus_bringsfire Jul 10, 2016 5:13 PM Flag

    Best all investors go to the company web site;
    The notice resulted of need to re-file a proper 10-Q, when questions about separation values developed.

    The problem likely heavier on the backs of the Independent Accountants, than company management.. ..(?)

    It's not a hanging sentence. However, might result in revaluation of the assets each new company had
    assigned or retained as resulted from the Arch Rock / Exterran separation.. Maybe up, maybe down, maybe close enough to be of little impact to valuation..

    Sort of vague myself, but sense the nationalization of assets in Argentina had really upset management about the work that had gone so well in the USA... Then the whole sector with Nat gas price decline,
    joined with oil and was all lumped together has having too much debt and just plane toxic..

    The IR man stated to me in what sounded like a really honest moment on the phone: That not only had the market turned very rough in the USA, (almost a year ago); but Top Management truly felt they were taking
    actions that would protect investors in the long run. Said they still hoped the proof was yet to come.....

    IR heads for this and next top company in compression said they looked forward to the day when the market stopped lumping Nat. Gas in with the price of oil ..... A few months later Arch Rock(s) cut the Div in half !!

PGH
1.53-0.02(-1.29%)Jul 22 4:02 PMEDT