PGF
Pengrowth quickly became Canada’s largest oil and gas income trust after it was formed in 1989. As a trust, it paid out most of its cash flow to its unitholders. That left it with little to invest in exploration or growth projects.
At the start of 2011, Pengrowth converted to a corporation in response to the federal government’s new tax …read more »
PENGROWTH ENERGY $13.40 (Toronto symbol PGF; Shares outstanding: 320.1 million; Market cap: $4.3 billion; TSINetwork Rating: Average; Dividend yield: 6.3%; www.pengrowth.com) reported that its cash flow rose 9.9% in 2010, to $606.0 million from $551.4 million in 2009. Cash flow per share fell 3.8%, to $2.01 from $2.09, on more shares outstanding.
The gain was mainly due to a 6.8% rise …read more »
PENGROWTH ENERGY CORP. $12 (Toronto symbol PGF; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 326.0 million; Market cap: $3.9 billion; Price-to-sales ratio: 2.4; Dividend yield: 7.0%; TSINetwork Rating: Average; www.pengrowth.com) produces oil and natural gas from properties in Alberta, B.C. and Saskatchewan. Natural gas accounted for 62% of Pengrowth’s production in 2010. Oil provided the remaining 38%.
In 2010, Pengrowth’s cash …read more »
PENGROWTH ENERGY CORP. $12.66 (Toronto symbol PGF; Shares outstanding: 320.1 million; Market cap: $4.1 billion; TSINetwork Rating: Average; Dividend yield: 6.7%; www.pengrowth.com) is the new name for Pengrowth Energy Trust after it converted to a dividend-paying corporation on January 1, 2011.
Pengrowth has large tax pools it can use to offset the new taxes. That will let it keep its monthly …read more »
INDIGO BOOKS & MUSIC INC. $15 (www.chapters.indigo.ca) continues to see strong demand for its Kobo e-book downloading service. During the 2010 Christmas shopping season, the company’s e-book sales were 50 times higher than a year earlier. Kobo now has customers in over 130 countries. Hold.
TIM HORTONS INC. $43 (www.timhortons.com) recently opened a new online store that ships its coffee, …read more »
