PENGROWTH ENERGY $7.14 (Toronto symbol PGF; Shares outstanding: 519.8 million; Market cap: $3.6 billion; TSINetwork Rating: Average; Dividend yield: 6.7%; www.pengrowth.com) plans to spend $715 million to expand and upgrade its oil and natural gas properties in 2014. That’s down 7.1% from the $770 million it probably spent in 2013.
The company ended 2013 with cash of $430 million, and it expects to generate $500 million to $540 million of cash flow this year. That should let it invest in its properties and maintain its monthly dividend of $0.04 a share, for a 6.7% yield.
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