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Author: IKan Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 64279  
Subject: Re: Any opinions on Pengrowth Date: 12/11/2012 7:26 PM
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I have not followed it much for a while now.
But a few thoughts:

$4.87 close price today and still in a bit of a downtrend. I could go sideways now with strong potential to go down more.

The price of Nat Gas looks like it will go down a bit more so this will not helps Pen's price.

I would not touch it yet, if anytime soon.

They recently stopped their Premium portion of their DRIP plan to save some moola. They reduced the dividend recently.

It comes down to the management and your thoughts on them and their track record and potential going forward. They are making acquisitions but are they enough? Oil is in the $80 range and they are losing money or at least not doing well does not bode well.

Many companies in the same industry are having difficulties so what makes it one of the better ones of the breed? All considering that fracking of oil and gas has produced an abundance, or at least provides for a lot more, of the commodities on the market now.

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