Topic: Dividend Stocks

PENGROWTH ENERGY CORP. $5.07 – Toronto symbol

PENGROWTH ENERGY CORP. $5.07 (www.pengrowth.com) continues to develop its Lindbergh oil sands project in Alberta. When this operation begins commercial production late next year, it should produce 12,500 barrels a day. That’s equal to 14% of the 89,702 barrels a day that Pengrowth produced in the first three months of 2013. Lindbergh will also help Pengrowth cut its exposure to low natural gas prices. The company aims to get 80% of its production from oil by 2018, up from 50% today. Buy.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.