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Pengrowth Energy Corp (PGF.TO)

PGF.TO on Toronto Stock Exchange

1.35CAD
21 Apr 2017
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Latest Key Developments (Source: Significant Developments)

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

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

More From Around the Web

BRIEF-Pengrowth reduces indebtedness by CDN $530 mln following prepayment of US $300 million of notes and redemption of convertible debentures

* Pengrowth reduces indebtedness by CDN $530 million following prepayment of US $300 million of notes and redemption of convertible debentures