Pengrowth’s year-end financial results came in as expected and within Management’s previously announced guidance range. Management reiterated its 2016e guidance that was previously provided at the Company’s annual investor day in late January as detailed in our Facts dated January 22, 2016. Recall, at that time the Company also announced the suspension of its dividend. Year-end reserves were down in the PDP and 1P categories, reflecting disposition activity and the impact of economic factors, al ....
