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Equal Energy Ltd. Message Board

badbluemoon59 4 posts  |  Last Activity: Aug 11, 2014 7:49 PM Member since: Dec 4, 2008
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  • They had to announce it by today. Afraid more cockroaches to come.

    Maybe that .13 cent price target in Yahoo is prophetic?

    Sub 5 on horizon I fear.

  • Reply to

    PGH -.02 loss per share

    by greenroger22 Aug 7, 2014 4:37 PM
    badbluemoon59 badbluemoon59 Aug 7, 2014 4:43 PM Flag

    Press Release: Pengrowth Continues to Deliver Positive Cardium and Lindbergh Results.

  • Press Release: Pengrowth Continues to Deliver Positive Cardium and Lindbergh Results. Lindbergh Construction is Close to Completion
    4:30p ET August 7, 2014 (Dow Jones) Print
    Press Release: Pengrowth Continues to Deliver Positive Cardium and Lindbergh Results. Lindbergh Construction is Close to Completion
    Pengrowth Continues to Deliver Positive Cardium and Lindbergh Results. Lindbergh Construction is Close to Completion
    CALGARY, ALBERTA--(Marketwired - Aug. 7, 2014) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) releases its financial and operating results for the three and six month periods ended June 30, 2014.
    "The second quarter marks another milestone in Pengrowth's transition to sustainable growth with excellent progress on our Lindbergh and Cardium projects. We continue to consistently deliver on what we said we would do," said Derek Evans, President and Chief Executive Officer of Pengrowth. "Construction of the Lindbergh commercial facilities is almost complete, and we look forward to commissioning and first steam in the fourth quarter. The Lindbergh pilot performance continues to exceed expectations and the successful completion of the Lindbergh commercial project is expected to generate a significant increase in production and cash flow starting in 2015."
    In preparation for the anticipated Lindbergh production growth, Pengrowth has entered into a transportation agreement with Husky Energy for delivery of production from the initial commercial phase of Lindbergh to Hardisty, Alberta, with options to nominate future volumes as Lindbergh expands. Pengrowth will retain maximum flexibility in regards to transportation options at Lindbergh by utilizing both rail and pipeline to move production to markets and maximize netbacks.
    During the quarter, Pengrowth announced an update of the bitumen reserves and contingent resources for its Lindbergh project. The update resulted in 19.6 million barrels (MMbbl) of probable reserves being reclassified to the proved

  • Read the detailed operations release direct from PWE , and I called PR; they expect to maintain dividend, as cash flow ( increasing ) is UNaffected. Hey to the moron who sold at $7.60 yesterday, I send you roses.

    If anything a year from now they may raise it.

    This new management is doing all the right things to "right" the ship".

    If anything buy it and write the Jan out of money 10 calls, ( get 29% eff. return ) and buy just a few short term 7 puts to sleep well, if a calamity happens.

    Held up very well in a minus 300 pt Dow slide, up 7 cents AH to $7.80 even.

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