Albert Alfonso
Dividend investing, dividend growth investing, master limited partnerships, oil & gas

Higher Energy Prices Should Boost Pengrowth Energy's Q2 Results

You would be hard pressed to find a stock as cheap as Pengrowth Energy (NYSE:PGH). Not only does Pengrowth trade at a large discount to its book value, but it also offers steady monthly income. The company has several catalysts incoming for its Q2 earnings, namely higher cash flows from elevated energy prices and lower spreads in the quarter. Pengrowth currently offers a $0.04 per share monthly dividend and yields about 9.40%.

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Overview

Pengrowth is an energy producer, with assets mostly located in Western Canada. Pengrowth also owns a large amount of undeveloped acreage. The company's production is slightly tilted towards liquids, at around 55%, with a large chunk of this being heavy oil. During...

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