Updating Pengrowth Energy Corp., Home Capital Group Inc. and Canadian National Railway Co.

Article Excerpt

PENGROWTH ENERGY CORP. $0.35 (Toronto symbol PGF; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 560.0 million; Market cap: $196.0 million; Price-to-sales ratio: 0.4; Dividend suspended in January 2016; TSINetwork Rating: Speculative; www.pengrowth.com) has two main properties: its Lindbergh oil sands project in Alberta and its Groundbirch natural gas property in northeastern B.C. Pengrowth produced an average of 22,707 barrels a day (81% oil and liquids, 19% natural gas) in the three months ended June 30, 2019. That up 0.5% from 22,600 barrels a year earlier. A 13.6% jump in production at the Lindbergh project offset a 25.7 drop in gas output. Due to lower oil and gas prices, the company’s revenue in the quarter fell 1.7%, to $136.9 million from $139.2 million. Thanks to cost cuts, its adjusted cash flow (after capital expenditures) jumped to $0.05 a share from $0.02. Pengrowth is now conducting a strategic review of its operations. That could include the sale of some of its properties, or perhaps the…