Pengrowth can maintain current payout

PENGROWTH ENERGY TRUST $9.27 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 258.4 million; Market cap: $2.4 billion; Price-to-sales ratio: 1.0; SI Rating: Average) saw its cash flow per unit fall 48.1% in the three months ended June 30, 2009, to $0.56 from… Read More

High income at reasonable risk

Low oil and natural gas prices have prompted Pengrowth to lower production and cut its distributions. However, these moves put the trust in a strong position to quickly increase cash flow and distributions when prices rebound. As well, Pengrowth’s reasonable debt should let it take… Read More