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Canadian Investing / Canada (General)
|Subject: Pengrowth Opinions||Date: 9/13/2012 4:23 PM|
|Author: UnkaBob||Number: 63026 of 63849|
My brother has held Pengrowth for a long long time. Recently the share price has been declining and he has asked me for my opinion on the future.
My opinion is that the price of gas is down because of shale-gas and because of the general economy. Shale-gas has not been fully priced out yet and could subside but the economy is going to be down for three to five years and at our age,ten years is forever. His problem is should he take a forty percent loss on a lot of money or hold tight and hope that things improve.
My reading of the Pengrowth financials say that a dividend cut is coming soon and that will make the price crash or the cut has been priced in already.I was nailed when Perpetual cut and am still more than fifty percent underwater.
Does anyone have an opinion on Pengrowth?
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