Updating on PENGROWTH ENERGY CORP., BOMBARDIER INC., and BLACKBERRY INC.

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PENGROWTH ENERGY CORP. $5.16 (www.pengrowth.com) has completed the sale of its 10.02% stake in the Weyburn oil project in Saskatchewan. It received $316.0 million, which is equal to 59% of its 2012 cash flow of $538.8 million, or $1.20 a share. The company used the cash to pay down its long-term debt. As a result, its debt now stands at $1.6 billion, or 61% of its market cap. Pengrowth aims to raise an additional $400 million this year by selling more of its smaller properties. Buy. BOMBARDIER INC. $4.13 (www.bombardier.com) has won a $440-million U.S. contract to design high-speed railcar components for a German rail operator. The company will also help build these trains. It did not say when it would begin deliveries, but the deal is equal to 3% of its 2012 revenue of $16.8 billion U.S. Moreover, railcar contracts like this helps offset the company’s exposure to the more cyclical airplane market. Buy. BLACKBERRY INC. $15 (www.blackberry.com) plans…