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Pengrowth Energy Corporation (PGH) declares C$0.04/share monthly dividend, in line with...

Pengrowth Energy Corporation (PGH) declares C$0.04/share monthly dividend, in line with previous. For shareholders of record Feb. 25. Payable Mar. 15. Ex-div date Feb. 21. (PR)
Comments (6)
  • vibaby
    , contributor
    Comments (5) | Send Message
     
    This is a 10% + dividend rate.
    13 Feb 2013, 05:31 PM Reply Like
  • marvinsannes
    , contributor
    Comments (51) | Send Message
     
    I bought 1000 shares of PGH @ $5 because of this 10% Div. - everyone I talk to tells me I'm missing something, this is a very risky investment if paying such a high return. What am I missing ??
    13 Feb 2013, 06:06 PM Reply Like
  • mgj4891
    , contributor
    Comments (21) | Send Message
     
    If you want assurrance I did the same thing and i guess it is risky.Lets see the dividend could be cut.The oil wells may dry up faster than they should, The stock could go down another 50% to pay the 10% at 2.50 or it could just cut it.
    What I think is this stock may turn out to be a growth stock.They may even purchase more land than they have now.But like GOLD I don't see them getting nothing for the oil they are going to produce.Just a question on what it costs to produce and ship out.How much oil and how much Nat Gas and what kind at what price.
    13 Feb 2013, 06:47 PM Reply Like
  • duncansk
    , contributor
    Comments (6) | Send Message
     
    There's clearly risk with PGH, but there's risk with any investment. Management made an interesting explanation of their plan going forward. Anyone interested in PGH should read it rather than me paraphrasing it. My take was that they have a plan that includes the current dividend payment through the transition period to make the Linbergh(sp) project operative and profitable. The SA analyst that wrote the article I "presume" made some judgment about the management credibility. My portfolio has slowly turned over the past couple of years to a screaming, boring blue chipper. I'm also intrigued with MLP's. So, for the sake of some speculative excitement and additional exposure to the Canadian dollar, I increased my position in PGH. Scenarios like seeing the dividend reduced would be disappointing, but 5% is not too shabby as long as management is upfront and transparent. It's a decent div rate while we wait for a decent capital gain, if they are successful.
    14 Feb 2013, 03:00 AM Reply Like
  • drmutha
    , contributor
    Comments (3) | Send Message
     
    The dividend has already been cut in half over the past 12-18 months
    and the share price plummeted. Cant get much worse--as long as they dont bankrupt
    14 Feb 2013, 12:16 PM Reply Like
  • drmutha
    , contributor
    Comments (3) | Send Message
     
    individual investor without limited financial background but many years experience both good and bad
    14 Feb 2013, 12:18 PM Reply Like
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