Chemist29

Pengrowth Energy, Gold Miners ETF: Value in Commodities

PGH Just recently cut their divvy (distribution) by 25%, hopefully further reductions will not be necessary, but we'll see. They also did not raise their dividend during the massive rise of oil to 147, and they are reducing capex so it seems like a good play to me. Plus, they have significant amounts of oil/gas hedged at around 80 and 90, somewhere around 40-50%? Not sure about that too lazy to check.