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Pengrowth Energy Corp (PGF.TO)

PGF.TO on Toronto Stock Exchange

1.23CAD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Pengrowth Energy Corp and Frog Lake Energy Resources Corp enter into a sale leaseback agreement for co-generation facilities at Lindbergh
Friday, 1 Apr 2016 01:49pm EDT 

Pengrowth Energy Corp and Frog Lake Energy Resources Corp:Says agreement for the sale and leaseback of the co-generation facilities at Pengrowth's Lindbergh thermal oil project in Cold Lake Alberta.Under terms of agreement, FLERC has made an investment of Cdn $35 million and will own and leaseback the co-generation facilities.  Full Article

Pengrowth Energy Corp announces 2015 fourth quarter cash dividend of c$0.01 per share
Thursday, 19 Nov 2015 04:31pm EST 

Pengrowth Energy Corp:Announced that its fourth quarter 2015 dividend, payable on December 15, 2015, will be Cdn $0.01 per common share.Dividend will be payable to all shareholders who hold Pengrowth shares at the close of business on the record date of November 30, 2015.  Full Article

Pengrowth Energy Corp updates asset disposition process and announces agreement to sell Jenner area properties for $80 million
Thursday, 22 Oct 2015 05:54pm EDT 

Pengrowth Energy Corp:Entered into an agreement for the sale of its non-core Jenner assets in south-eastern Alberta for cash consideration of $80 million.With the sale of Jenner and including letters of intent (LOI's) as well as previously closed dispositions, total expected disposition proceeds are now in excess of $300 million in 2015.In addition, Pengrowth has asset disposition packages in the market that have generated additional cash offers of over $450 million.Company remains confident that it will successfully achieve its $600 million disposition target in 2015.Expected proceeds from these non-core asset sales will be directed towards reducing Pengrowth's outstanding debt.  Full Article

Pengrowth Energy Corp announces agreement to sell Bodo Property
Tuesday, 6 Oct 2015 08:47am EDT 

Pengrowth Energy Corp:Announces agreement to sell bodo property for $95 million and updates asset disposition program.Says sale of the bodo property is not expected to materially affect full-year 2015 average production guidance.Says Pengrowth expects 2015 production to remain between 70,000 and 72,000 boe/d.Total expected disposition proceeds in 2015 amount to about $260 million of the company's 2015 disposition target of $600 million.Engaged third party firms to help market 2 additional disposition packages encompassing swan hills and greater olds/garrington areas.  Full Article

Pengrowth announces new dividend policy to strengthen its balance sheet amidst the current low commodity price environment
Tuesday, 1 Sep 2015 09:13am EDT 

Pengrowth Energy Corp :Announces new dividend policy to strengthen its balance sheet amidst the current low commodity price environment.Says approved a change to the company's dividend policy, moving to a quarterly payment at a rate of $0.01 per share per quarter.Says new dividend policy will take effect following payment of $0.02 per share dividend payable on September 15, 2015.New dividend policy as a result of the continued weakness in commodity price.Board also approved suspension of co's dividend reinvestment and optional common share purchase plan.  Full Article

Pengrowth Energy confirms C$0.02 cash dividend payable Sept. 15
Thursday, 13 Aug 2015 04:20pm EDT 

Pengrowth Energy Corp:Announced that its Sept 15, cash dividend will be Cdn $0.02 per common share.The ex-dividend date is August 20.The dividend will be payable to all shareholders who hold Pengrowth shares at the close of business on the record date of August 24.  Full Article

Pengrowth Energy Corp intent to sell up to $600 million of non-core assets
Monday, 29 Jun 2015 08:13pm EDT 

Pengrowth Energy Corp:Says as part of its emphasis on strengthening its balance sheet, the company intends to sell up to $600 million of non-core assets by end of year.Says proceeds from expected dispositions will be used to reduce corporate indebtedness under the company's credit facilities.  Full Article

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BRIEF-Pengrowth delivers Q1 funds flow from operations of $0.05 per share

* Pengrowth delivers transformational debt reduction in first quarter driven by asset sales