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Pengrowth Energy Corp (PGF.TO)

PGF.TO on Toronto Stock Exchange

1.16CAD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

PENGROWTH REACHES AGREEMENT TO SELL REMAINING SWAN HILLS PROPERTIES FOR $150 MLN
Wednesday, 6 Sep 2017 05:42pm EDT 

Sept 6 (Reuters) - Pengrowth Energy Corp ::PENGROWTH REACHES AGREEMENT TO SELL REMAINING SWAN HILLS PROPERTIES FOR $150 MILLION.PENGROWTH ENERGY CORP SAYS DEAL FOR ‍FOR TOTAL CASH CONSIDERATION OF $150 MILLION​.PENGROWTH ENERGY CORP - ‍ASSETS TO BE SOLD GENERATED AVERAGE DAILY PRODUCTION OF APPROXIMATELY 5,060 BARRELS OF OIL EQUIVALENT PER DAY​.PENGROWTH ENERGY CORP - ‍COMPANY EXPECTS TO PROVIDE AN UPDATE TO ITS Q4 AND FULL YEAR 2017 GUIDANCE FOLLOWING CLOSING OF SALE​.PENGROWTH ENERGY - COMBINED WITH ABOUT $18 MILLION DEPOSIT FROM INITIAL SALES PROCESS TERMINATED ON JULY 11, TOTAL CONSIDERATION WILL BE ABOUT $168 MILLION​.  Full Article

Pengrowth qtrly ‍FFO per share $0.05
Monday, 14 Aug 2017 04:05pm EDT 

Aug 14 (Reuters) - Pengrowth Energy Corp ::Pengrowth closes significant asset sales and reaches agreement in principle on key elements of covenant relief.Pengrowth Energy Corp - ‍achieved average daily production of 49,349 barrels of oil equivalent (boe) per day during second quarter​.Pengrowth Energy Corp - qtrly ‍FFO per share $0.05.Pengrowth Energy-agreed on key elements of amendment with noteholders who represent necessary majority of notes affected by proposed amendment​.Pengrowth Energy-‍proposed amendment includes relaxation of its covenants for period commencing with Q3 & up to and including period ending Sept 30, 2019​.Pengrowth Energy-‍agent bank for credit facility approached that would also see a reduction in credit facility from $1.0 billion to $400 million​.Pengrowth Energy Corp - ‍revised annual 2017 production guidance of 41,500 to 43,500 boe per day​.Pengrowth Energy Corp - ‍revised annual 2017 funds flow from operations guidance of $90 million​.Pengrowth Energy Corp - ‍Pengrowth anticipates its Q4 of 2017 average production to be 31,000 to 33,000 boe per day​.  Full Article

Pengrowth to sell its Olds/Garrington area assets for $300 mln
Tuesday, 11 Jul 2017 08:00am EDT 

July 11 (Reuters) - Pengrowth Energy Corp -:Pengrowth enters into agreement for the sale of its olds/garrington area assets for $300 million.Pengrowth Energy Corp sees ‍2017 average daily production 41,500 to 43,500 boe per day​.Pengrowth Energy Corp - ‍olds/garrington area assets are expected to generate 2017 average daily production of 13,875 barrels of oil equivalent per day​.Pengrowth Energy Corp sees ‍2017 total capital expenditures $125 million​.Pengrowth Energy - entered agreement with a private company owned by a large canadian life insurance co for sale of its olds/garrington area assets.Pengrowth Energy Corp - purchaser of second Swan Hills sales package has indicated that it is unable to complete its financing for acquisition.Pengrowth Energy Corp - ‍has given notice of termination of sale agreement announced on march 20​.Pengrowth Energy Corp - Pengrowth will recommence its efforts to sell Swan Hills assets.  Full Article

Pengrowth delivers Q1 funds flow from operations of $0.05 per share
Tuesday, 2 May 2017 08:06pm EDT 

May 2 (Reuters) - Pengrowth Energy Corp :Pengrowth delivers transformational debt reduction in first quarter driven by asset sales.Pengrowth energy corp - company delivered q1 funds flow from operations of $0.05 per share.Pengrowth energy corp - since start of 2017 pengrowth has closed or expects to close $707 million of asset sales.Pengrowth energy corp - achieved q1 average daily production of 52,957 boe per day.Pengrowth energy corp - at end of quarter, pengrowth elected to close out its 2017 oil risk management contracts at a cost of $12.7 million.Pengrowth energy corp - "at this time has no oil risk management contracts in place".  Full Article

Pengrowth to sell remaining Swan Hills assets for $185 mln
Tuesday, 25 Apr 2017 05:11pm EDT 

April 25 (Reuters) - Pengrowth Energy Corp -:Pengrowth enters into agreement to sell remaining Swan Hills assets for $185 million.Pengrowth Energy Corp - divested assets generated average daily production of approximately 5,150 barrels of oil equivalent per day during q4.Pengrowth Energy - sale of remaining swan hills assets expected to impact 2017 average production guidance by approximately 3,400 boe per day.Pengrowth Energy Corp - divested assets had proved plus probable reserves of 21.0 million boe assigned to them as at december 31, 2016.Pengrowth Energy Corp - revised 2017 production to be between 43,500 and 45,500 boe per day.Pengrowth energy corp sees 2017 total capital expenditures $125 million.Pengrowth Energy Corp - sees fy funds flow from operations $160 million.Pengrowth Energy - to use proceeds from sale to further reduce its debt, including prepaying remaining outstanding $100 million of 6.35% senior term notes.  Full Article

Pengrowth reduces indebtedness by CDN $530 mln following prepayment of US $300 million of notes and redemption of convertible debentures
Monday, 3 Apr 2017 06:30am EDT 

Pengrowth Energy Corp : Pengrowth reduces indebtedness by CDN $530 million following prepayment of US $300 million of notes and redemption of convertible debentures .Following repayment, redemption, co's debt as at March 31, 2017, falls to cdn $1.15 billion.  Full Article

Pengrowth agrees to sell north central Alberta properties for $180 mln
Monday, 20 Mar 2017 08:10am EDT 

Pengrowth Energy Corp : Pengrowth reaches agreement to sell north central Alberta properties for $180 million . Pengrowth Energy -divested assets generated average daily production of approximately 4,920 barrels of oil equivalent per day during q4 of 2016 . Pengrowth Energy - expects to use a portion of sale proceeds to pre-pay remaining outstanding us $100 million of 6.35 pct senior term notes . Pengrowth Energy Corp - sees revised 2017 production to be between 47,000 and 49,000 boe per day . Pengrowth Energy Corp - full year 2017 average production guidance is expected to be impacted by approximately 3,100 boe per day due to deal . Pengrowth Energy Corp sees 2017 total capital expenditures $125 million .Pengrowth Energy Corp - sees fy 2017 funds flow from operations $170 million.  Full Article

Pengrowth announces plan to reduce outstanding debt by $530 mln
Tuesday, 21 Feb 2017 09:03am EST 

Pengrowth Energy Corp : Pengrowth announces plan to reduce outstanding debt by $530 mln through retirement of $127 mln of convertible debentures and the prepayment of us $300 mln of the 6.35 pct senior notes due July 26, 2017 . Pengrowth Energy Corp - plan to reduce its outstanding debt through use of existing cash on hand . Pengrowth Energy Corp - intends to use cash on hand to retire $127 million of convertible debentures, on maturity on March 31, 2017 . Pengrowth Energy - to use remaining cash to pre-pay us $300 million principal amount outstanding of us $400 million 6.35 pct senior notes maturing July 26, 2017 .Pengrowth Energy Corp - following payments, co expects pro-forma debt to be reduced to about $1.1 billion and comprised entirely of senior term notes.  Full Article

Pengrowth announces plan to reduce outstanding debt by $530 mlm
Tuesday, 21 Feb 2017 07:30am EST 

Pengrowth Energy Corp : Pengrowth announces plan to reduce outstanding debt by $530mm through retirement of $127 mln of convertible debentures and the prepayment of us $300 mln of the 6.35 pct senior notes due July 26, 2017 . Pengrowth Energy - following payments, company expects pro-forma debt to be reduced to about $1.1 billion and comprised entirely of senior term notes .Pengrowth Energy - continues to seek out opportunities to further reduce its outstanding debt, including through disposition of assets.  Full Article

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

BRIEF-PENGROWTH REACHES AGREEMENT TO SELL REMAINING SWAN HILLS PROPERTIES FOR $150 MLN

* PENGROWTH REACHES AGREEMENT TO SELL REMAINING SWAN HILLS PROPERTIES FOR $150 MILLION