Pengrowth Energy Corporation(PGH)- NYSE
  • Fri, Aug. 5, 2:09 PM
    | Fri, Aug. 5, 2:09 PM
  • Thu, Aug. 4, 6:08 PM
    • Pengrowth Energy (NYSE:PGH): Q2 FFO of $0.16.
    • Revenue of $137.2M (-45.1% Y/Y).
    • Press Release
    | Thu, Aug. 4, 6:08 PM
  • Tue, May 3, 5:36 PM
    • Pengrowth Energy (NYSE:PGH): Q1 EPS of $0.05 misses by $0.01.
    • Revenue of $114.2M (-42.9% Y/Y) misses by $30.63M.
    • Press Release
    | Tue, May 3, 5:36 PM | 10 Comments
  • Wed, Mar. 23, 11:58 AM
    • Pengrowth Energy (PGH +5.2%) pops higher on news that Canadian billionaire Seymour Schulich acquired a 14.7% stake in the company.
    • Schulich also is expected to seek the appointment of Ron Binns, CFO of Schulich's Nevada Capital Corp, to PGH’s board, WSJ reports.
    • Schulich owns or controls 80M shares, valued at $78.4M based on the company’s latest closing stock price.
    | Wed, Mar. 23, 11:58 AM | 10 Comments
  • Mon, Mar. 21, 12:52 PM
    | Mon, Mar. 21, 12:52 PM | 10 Comments
  • Wed, Feb. 24, 5:46 PM
    • Pengrowth Energy (NYSE:PGH): Q4 EPS of -$0.85; FFO $0.21.
    • Revenue of $169.1M (-42.0% Y/Y) misses by $6.72M.
    | Wed, Feb. 24, 5:46 PM | 11 Comments
  • Thu, Feb. 11, 6:21 PM
    • Hedges that shielded Canadian oil producers such as Crescent Point Energy (NYSE:CPG) and Whitecap Resources (OTC:SPGYF) from the full pain of $30/bbl oil are winding down this year and next, which may prompt companies to accelerate output and cost cuts, including dividends.
    • CIBC says 19 small-to-mid-sized producers have an average of 19% of their crude hedged at ~$58/bbl this year, and only 3% at about the same price in 2017.
    • CPG tells Bloomberg it is “well protected” with hedges in 2016 and with costs cut by 30% last year, and the “longer we stay in $30-$35 environment, the more this cost structure will come down.”
    • Selling oil at a lower price may prompt CPG to cut its dividend, FirstEnergy Capital's Cody Kwong says, which he thinks would be received by the market as "a positive note."
    • Northern Blizzard Resources (OTC:NBZZF) and Pengrowth Energy (NYSE:PGH) are the two most-hedged producers this year among the companies covered by CIBC data; for PGH, the hedges are “a big, big lifeline,” says Veritas analyst Nima Billou. “They will definitely be able to ride out 2016 because of these hedges.”
    • The industry as whole may have a harder time: “Those hedges come off in 2017, and with oil prices continuing to fall, they could be in a difficult positions,” says a National Bank Financial analyst.
    | Thu, Feb. 11, 6:21 PM | 3 Comments
  • Thu, Jan. 21, 1:37 AM
    • Pengrowth Energy (NYSE:PGH) says it is suspending its Q1 quarterly dividend and will continue to evaluate on an quarterly basis.
    • The board approved FY16 capital budget of C$60M-C$70M to generate annual average production of 59K-61K boe/d to focus on maintenance activities.
    • "Given the current operating environment characterized by low crude oil and natural gas prices, we have elected to pursue a very conservative 2016 budget as well as suspending the dividend” says Derek Evans, President and CEO.
    | Thu, Jan. 21, 1:37 AM | 8 Comments
  • Nov. 19, 2015, 4:51 PM
    • Pengrowth Energy (NYSE:PGH) declares C$0.01/share quarterly dividend.
    • Forward yield 3.48%
    • Payable Dec. 15; for shareholders of record Nov. 30; ex-div Nov. 25.
    | Nov. 19, 2015, 4:51 PM | 16 Comments
  • Nov. 3, 2015, 5:14 PM
    • Pengrowth Energy (NYSE:PGH): Q3 EPS of -$0.61 misses by $0.55.
    • Revenue of $397.8M (+0.3% Y/Y) beats by $183.34M.
    | Nov. 3, 2015, 5:14 PM | 9 Comments
  • Oct. 6, 2015, 10:59 AM
    • Pengrowth Energy (PGH +10.3%) agrees to sell its non-core Bodo property in eastern Alberta to an unnamed buyer for $95M, which will be used to reduce the company’s debt.
    • The Bodo property produced 2.7K boe/day on average for first eight months of 2015, but PGH says it still expects to produce 70K-72K boe/day for the full year.
    • PGH says the sale brings its total asset sales and committed sales for 2015 to $260M, and it expects to achieve its $600M target in dispositions of non-core assets for the year.
    | Oct. 6, 2015, 10:59 AM | 10 Comments
  • Sep. 1, 2015, 10:42 AM
    • Pengrowth Energy (NYSE:PGH) says it will change its dividend policy, moving to a quarterly payment at a rate of $0.01 per share per quarter ($0.04 per share annually).
    • The new dividend policy will take effect following the payment of the $0.02/share dividend payable on Sept. 15, 2015 with the first quarterly payment expected to be paid on Dec. 15, 2015.
    • PGH -7%.
    | Sep. 1, 2015, 10:42 AM | 22 Comments
  • Aug. 13, 2015, 4:42 PM
    • Pengrowth Energy (NYSE:PGH) declares C$0.02/share monthly dividend, in line with previous.
    • Forward yield 14.23%
    • Payable Sept. 15; for shareholders of record Aug. 24; ex-div Aug. 20.
    | Aug. 13, 2015, 4:42 PM | 15 Comments
  • Aug. 6, 2015, 6:27 PM
    • Pengrowth Energy (NYSE:PGH): Q2 EPS of -$0.25 may not be comparable to consensus of -$0.01.
    • Revenue of $249.9M (-38.6% Y/Y) misses by $6.48M.
    | Aug. 6, 2015, 6:27 PM | 28 Comments
  • Jul. 10, 2015, 4:21 PM
    • Pengrowth Energy (NYSE:PGH) declares C$0.02/share monthly dividend, in line with previous.
    • Forward yield 8.39%
    • Payable Aug. 17; for shareholders of record July 22; ex-div July 20.
    | Jul. 10, 2015, 4:21 PM | 15 Comments
  • Jun. 30, 2015, 10:08 AM
    • Pengrowth Energy (PGH +1.6%) says it plans to sell up to C$600M in non-core assets by the end of the year, a move it says is part of its ongoing effort to strengthen its balance sheet.
    • PGH also says construction and commissioning of its insulated sales line connecting the Lindbergh commercial facilities with the Husky pipeline has been completed on time.
    • PGH says current production from the project is ~14.4K bbl/day; production ramp-up remains on track to achieve production rates of 16K bbl/day by year-end.
    | Jun. 30, 2015, 10:08 AM | 15 Comments