Pengrowth set to convert

PENGROWTH ENERGY TRUST $12.96 (Toronto symbol PGF.UN; Units outstanding: 320.1 million; Market cap: $4.1 billion; TSINetwork Rating: Average; Divid. yield: 6.5%; www.pengrowth.com) will convert to a dividend-paying corporation on January 17, 2011. It will then trade as Pengrowth Energy Corporation under the symbol “PGH”.

Pengrowth has… Read More

Post-conversion yields should hold steady

PENGROWTH ENERGY TRUST $12.42 (Toronto symbol PGF.UN; Units outstanding: 320.1 million; Market cap: $4.0 billion; SI Rating: Average; Dividend yield: 6.8%; www.pengrowth.com) produces oil and natural gas in western Canada and off the Nova Scotia coast. Its production is weighted 51% to oil and 49%… Read More

Steady production supports high payout

PENGROWTH ENERGY TRUST $11 (Toronto symbol PGF.UN; Aggressive Growth Portfolio, Resources sector; Units outstanding: 291.3 million; Market cap: $3.2 billion; Price-to-sales ratio: 2.1; Dividend yield: 7.6%; SI Rating: Average) is one of North America’s largest energy royalty trusts. Its main properties are in Alberta, B.C…. Read More

Good addition for Pengrowth

PENGROWTH ENERGY TRUST $9.97 (Toronto symbol PGF.UN; Units outstanding: 291.3 million; Market cap: $2.9 billion; SI Rating: Average; Dividend yield: 8.4%) has agreed to buy the 82% of Monterey Exploration (Toronto symbol MXL) that it doesn’t already own for $366 million in Pengrowth units.

Monterey produces… Read More

Pengrowth and ARC target steady payouts

ARC ENERGY TRUST $19.86 (Toronto symbol AET.UN; Units outstanding: 250.9 million; Market cap: $5.0 billion; SI Rating: Speculative; Dividend yield: 6.0%) produces oil and natural gas in western Canada. Its average daily production of 67,207 barrels of oil equivalent (including gas) is weighted 46% to… Read More