Impact: Neutral to slightly negative given elimination of the dividend and scaled back operations, although in light of current commodity prices and the Company's debt position we view this as a prudent move to ensure the longer term sustainability of the business.
21 Jan 2016
PENGROWTH ENERGY CORPORATION (PGF) ANNOUNCES PRUDENT 2016 CAPITAL BUDGET, OPERATIONAL UPDATE AND TEMPORARY SUSPENSION OF DIVIDEND
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PENGROWTH ENERGY CORPORATION (PGF) ANNOUNCES PRUDENT 2016 CAPITAL BUDGET, OPERATIONAL UPDATE AND TEMPORARY SUSPENSION OF DIVIDEND
Pengrowth Energy (PGF:TSE) | 0 0 -3.2% | Mkt Cap: 508.1m
- Published:
21 Jan 2016 -
Author:
Michael Hearn -
Pages:
3
Impact: Neutral to slightly negative given elimination of the dividend and scaled back operations, although in light of current commodity prices and the Company's debt position we view this as a prudent move to ensure the longer term sustainability of the business.