How Successful Investors Get RICH

Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' for FREE from The Successful Investor.

How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

Topic: How To Invest

PENGROWTH ENERGY TRUST $19.42 Toronto symbol PGF.B

PENGROWTH ENERGY TRUST $19.42 (Toronto symbol PGF.B; SI Rating: Average) produces oil and gas in western Canada, as well as offshore Nova Scotia.

In the three months ended September 30, 2006, Pengrowth’s revenue fell 5.5%, to $287.8 million from $304.5 million. However, cash flow per unit rose 8%, to $1.08 from $1.00.

Pengrowth’s average daily production of 58,344 barrels of oil equivalent is weighted 44% toward oil and liquids, and 56% to natural gas. In the latest quarter, the company’s average realized price for oil was $72.61 U.S. and $6.29 U.S. for natural gas.

Pengrowth’s long-term debt is low at 24% of shareholders’ equity. The trust has an annual yield of 15.5%. It distributed 92% of its cash flow as distributions in the latest quarter.

Pengrowth is now acquiring Canadian oil and gas properties from ConocoPhillips for $1.04 billion. The purchase will boost Pengrowth’s production by 27%.

Pengrowth is still a buy.

Comments are closed.