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Pengrowth Energy Corp (PGF.TO)

PGF.TO on Toronto Stock Exchange

0.59CAD
23 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Pengrowth Energy Qtrly Loss Per Share $0.91
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Pengrowth Energy Corp ::PENGROWTH ANNOUNCES FOURTH QUARTER 2018 RESULTS, PROVIDES RESERVES UPDATE AND LAUNCHES STRATEGIC REVIEW.QTRLY LOSS PER SHARE $0.91.QTRLY AVERAGE DAILY PRODUCTION 24,104 BOE/D VERSUS 24,702 BOE/D LAST YEAR.ON MARCH 5, 2019 BOARD OF DIRECTORS COMMENCED A FORMAL PROCESS TO EXPLORE AND DEVELOP STRATEGIC ALTERNATIVES.PENGROWTH ENERGY - REVIEW TO EXPLORE RANGE OF STRATEGIC AND TRANSACTION ALTERNATIVES, INCLUDING A SALE, MERGER OR OTHER BUSINESS COMBINATION.PENGROWTH ENERGY -IN DISCUSSIONS WITH LENDING SYNDICATE UNDER ITS $330 MILLION REVOLVING BANK CREDIT FACILITY TO EXTEND MATURITY DATE OF FACILITY.IN DISCUSSIONS TO EXTEND MATURITY DATE OF CREDIT FACILITY THROUGH SEPTEMBER 30, 2019 TO SUPPORT STRATEGIC REVIEW.PENGROWTH ENERGY- CO'S OBJECTIVE IS TO FINALIZE FACILITY EXTENSION AGREEMENT AS SOON AS POSSIBLE, & IN ADVANCE OF CURRENT MARCH 31, 2019 MATURITY DATE.  Full Article

Seymour Schulich Increases Ownership Of Pengrowth Energy Corp
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Seymour Schulich: :SEYMOUR SCHULICH INCREASES OWNERSHIP OF PENGROWTH ENERGY CORPORATION.SEYMOUR SCHULICH - INCREASED HIS OWNERSHIP OF PENGROWTH ENERGY CORP; NOW OWNS OR CONTROLS 160 MILLION SHARES OF PENGROWTH.SEYMOUR SCHULICH SAYS ITS CURRENT SHAREHOLDINGS REPRESENT 28.8% OF ISSUED AND OUTSTANDING COMMON SHARES OF PENGROWTH.SEYMOUR SCHULICH - FURTHER ADVISES THAT SHARES OF PENGROWTH ENERGY CORP HAVE BEEN ACQUIRED FOR INVESTMENT PURPOSES.  Full Article

Pengrowth Qtrly Net Loss Per Share $ 0.05
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Pengrowth Energy Corp ::PENGROWTH REPORTS SECOND QUARTER RESULTS WITH 16% INCREASE IN AVERAGE DAILY PRODUCTION AND 40% INCREASE IN ADJUSTED FUNDS FLOW SINCE Q1 2018.PRODUCTION INCREASED 16% TO AN AVERAGE OF 22,600 BOE/D IN Q2 COMPARED WITH 19,541 BOE/D IN Q1 2018.QTRLY NET LOSS PER SHARE $ 0.05.PENGROWTH ENERGY -AT A WTI PRICE OF US$65/BBL, SEES CAPITAL SPENDING INCREASE TO RANGE OF $120 TO $125 MILLION IN 2019.PENGROWTH ENERGY -UNDER WTI US$65/BBL PRICE SCENARIO, LINDBERGH FY AVERAGE PRODUCTION VOLUMES EXPECTED TO GROW TO RANGE OF 17,500 TO 18,000 BBL/D IN 2019.MULTI-YEAR DEVELOPMENT PLAN AIMS TO GROW LINDBERGH PRODUCTION TO 35,000 BBL/D BY END OF 2023.  Full Article

Pengrowth Energy Confirms Delisting Notification From NYSE
Friday, 1 Jun 2018 

June 1 (Reuters) - Pengrowth Energy Corp ::PENGROWTH CONFIRMS DELISTING NOTIFICATION FROM NYSE AND ANNOUNCES PLAN TO TRADE ON OTCQX.PENGROWTH ENERGY CORP - EXPECTED TO BEGIN TRADING ON OTCQX , UNDER SYMBOL "PGHEF" ON OR ABOUT JUNE 4, 2018.PENGROWTH ENERGY CORP - CO'S SHARES WILL CONTINUE TO TRADE IN CANADA ON TORONTO STOCK EXCHANGE UNDER SYMBOL "PGF".PENGROWTH ENERGY CORP - BOARD DECIDED IT WAS NOT IN LONG-TERM BEST INTEREST OF CO TO EFFECT REVERSE STOCK-SPLIT IN ORDER TO PRESERVE LISTING ON NYSE.  Full Article

Pengrowth Provides Clarification Regarding NYSE Listing
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Pengrowth Energy Corp ::PENGROWTH PROVIDES CLARIFICATION WITH REGARDS TO NYSE LISTING.PENGROWTH ENERGY CORP - INTENDS TO CONTINUE TRADING ON NYSE UNTIL END OF COMPLIANCE CURE PERIOD, WHICH IS EXPECTED TO BE JUNE 1, 2018.  Full Article

Pengrowth Expected To Commence Trading On U.S. OTC Pink Market Once NYSE Delisting Complete
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Pengrowth Energy Corp ::PENGROWTH PROVIDES UPDATE TO EXCHANGE LISTINGS TO ALIGN WITH ITS NEW FOCUS.PENGROWTH ENERGY CORP - PENGROWTH WILL CONTINUE TO BE LISTED ON TORONTO STOCK EXCHANGE.PENGROWTH ENERGY - EXPECTED TO COMMENCE TRADING ON OTC PINK MARKET ELECTRONIC QUOTATION SERVICE IN UNITED STATES, ONCE DELISTING FROM NYSE IS COMPLETE.PENGROWTH ENERGY CORP - DELISTING OF COMPANY'S COMMON STOCK FROM NYSE WILL NOT AFFECT PENGROWTH'S BUSINESS OPERATIONS.PENGROWTH ENERGY CORP - BOARD DECIDED NOT TO EFFECT A REVERSE STOCK-SPLIT OF ITS COMMON STOCK.  Full Article

Pengrowth Provides Q1 Operational Update
Thursday, 5 Apr 2018 

April 5 (Reuters) - Pengrowth Energy Corp ::PENGROWTH PROVIDES FIRST QUARTER OPERATIONAL UPDATE AND ANNOUNCES PARTICIPATION AT THE CAPP SCOTIABANK INVESTMENT SYMPOSIUM.2018 CAPITAL EXPENDITURE BUDGET OF $65 MILLION REMAINS UNCHANGED.2018 BUDGET IS EXPECTED TO GENERATE AVERAGE ANNUAL PRODUCTION OF 22,500 TO 23,500 BARRELS OF OIL EQUIVALENT (BOE) PER DAY.  Full Article

Pengrowth Energy posts Q3 average daily production 35,072 boe/d vs 55,137 boe/d
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Pengrowth Energy Corp :Pengrowth Energy Corp - ‍Q3 average daily production was 35,072 boe per day, compared to average daily production of 55,137 boe per day in Q3 of 2016​.Pengrowth Energy Corp sees FY 2017 ‍average daily production of 39,500 boe per day to 41,500 boe per day​.Pengrowth Energy Corp sees FY 2017 ‍total capital expenditures of $125 million ​.Pengrowth Energy - sees 2018 capital program of between $50 million & $60 million, to support annual production rate of 22,500 boe per day to 24,500 boe per day​.  Full Article

Pengrowth reaches agreement for sale of its quirk creek sour gas assets for $6.5 mln​
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Pengrowth Energy Corp ::Pengrowth reaches agreement for sale of its quirk creek sour gas assets.Pengrowth Energy Corp - ‍entered into an agreement for sale of its quirk creek assets in southern Alberta for total cash consideration of $6.5 million​.Pengrowth Energy Corp - ‍sale includes quirk creek sour gas plant and associated gathering systems related to production of sour gas and liquids.  Full Article

Pengrowth announces the sale of non-core Alberta assets
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Pengrowth Energy Corp :Pengrowth announces the sale of non-core Alberta assets.Says ‍sale is expected to generate material savings in aggregate operating expenses as well as general and administrative costs​.Says ‍cost savings, when combined with sale proceeds result in transaction being neutral to funds flow​.Says ‍sale is expected to generate material savings in aggregate operating expenses as well as general and administrative costs​.Says ‍upon completion of sale, Pengrowth's Alberta assets include its Lindbergh Thermal Oil, Quirk Creek and Fenn Big Valley Assets​.Says to sell ‍majority of remaining legacy assets in Alberta for nominal cash consideration, assumption of abandonment, reclamation liabilities​.  Full Article

PRESS DIGEST - Canada - March 7

March 7 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.