Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: UnkaBob 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 64179  
Subject: Pengrowth Opinions Date: 9/13/2012 4:23 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
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?


Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next


The Great Foolish North
Canadian social and off-topic banter.
Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Simulations Plus

A Shorting Lesson Learned
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.