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Pengrowth Energy Corp (PGF.TO)

PGF.TO on Toronto Stock Exchange

0.80CAD
16 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Pengrowth Reports Qtrly Oil And Gas Sales Of $147.9 Million
Thursday, 8 Nov 2018 06:05am EST 

Nov 8 (Reuters) - Pengrowth Energy Corp ::PENGROWTH ANNOUNCES THIRD QUARTER 2018 RESULTS, 2019 CAPITAL PLAN AND 2019 GUIDANCE.PENGROWTH ENERGY CORP - LINDBERGH PRODUCTION ESTABLISHES NEW RECORD IN OCTOBER AVERAGING 18,350 BBL/D WITH FIVE OF EIGHT INFILL WELLS ON PRODUCTION.PENGROWTH ENERGY CORP - ACHIEVED RECORD QUARTERLY PRODUCTION AT LINDBERGH OF 16,408 BBL/D AND ON TRACK TO REACH 19,000 BBL/D IN Q4.PENGROWTH ENERGY CORP - QTRLY AVERAGE DAILY PRODUCTION 21,807 BOE/D, DOWN 4 PERCENT FROM JUNE QUARTER.PENGROWTH ENERGY CORP - QTRLY OIL AND GAS SALES $147.9 MILLION, UP 1 PERCENT FROM JUNE QUARTER.PENGROWTH ENERGY CORP - MAINTAINING 2018 GUIDANCE THAT WAS REVISED IN PRIOR QUARTER.PENGROWTH ENERGY CORP SEES 2019 LINDBERGH AVERAGE PRODUCTION 17,750 - 18,250 BBL/D.PENGROWTH ENERGY CORP SEES 2019 AVERAGE PRODUCTION 22,500 - 23,500 BOE/D.PENGROWTH ENERGY CORP - 2019 BUDGET CALLS FOR A CAPITAL SPENDING PLAN OF $45 MILLION.PENGROWTH ENERGY CORP - MULTI-YEAR DEVELOPMENT PLAN REMAINS ON TRACK TO GROW LINDBERGH PRODUCTION TO 35,000 BBL/D BY END OF 2023.  Full Article

Pengrowth Says Continues To Be On Track To Reach 2018 Production Guidance
Monday, 10 Sep 2018 04:00pm EDT 

Sept 10 (Reuters) - Pengrowth Energy Corp ::PENGROWTH PROVIDES OPERATIONS UPDATE AND MODELS CASH FLOW IN 2018, 2019 AND 2020 AT VARIOUS CRUDE PRICING.PENGROWTH ENERGY CORP - CONTINUES TO BE ON TRACK TO REACH ITS 2018 PRODUCTION GUIDANCE.  Full Article

Pengrowth Announces Fourth Quarter 2017 Results
Wednesday, 28 Feb 2018 05:16pm EST 

Feb 28 (Reuters) - Pengrowth Energy Corp ::PENGROWTH ANNOUNCES FOURTH QUARTER 2017 AND FULL YEAR 2017 RESULTS AS WELL AS 2017 RESERVE RESULTS.PENGROWTH ENERGY CORP - Q4 AVERAGE DAILY PRODUCTION OF 24,702 BOE PER DAY WAS SLIGHTLY AHEAD OF PREVIOUS EXPECTATIONS FOR 24,500 BOE PER DAY.PENGROWTH ENERGY CORP QTRLY ‍FUNDS FLOW FROM OPERATIONS $0.02 PER SHARE‍​.PENGROWTH ENERGY - SEES 2018 CAPITAL BUDGET GROWING PRODUCTION VOLUMES THROUGH COURSE OF YEAR TO ESTIMATED 2018 EXIT RATE OF ABOUT 24,000 BOE PER DAY.  Full Article

Pengrowth Appoints Peter Sametz As President And CEO
Tuesday, 20 Feb 2018 05:15pm EST 

Feb 20 (Reuters) - Pengrowth Energy Corp ::PENGROWTH ANNOUNCES THE PLANNED RETIREMENT OF CURRENT CEO DEREK EVANS AND THE PENDING APPOINTMENT OF PETER SAMETZ AS PRESIDENT AND CEO.PENGROWTH ENERGY CORP - DEREK WILL CONTINUE IN A TRANSITIONAL ADVISORY ROLE REPORTING TO BOARD CHAIR UNTIL JUNE 30, 2018.  Full Article

Pengrowth Energy posts Q3 average daily production 35,072 boe/d vs 55,137 boe/d
Thursday, 9 Nov 2017 05:13pm EST 

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 05:12pm EDT 

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 03:13pm EDT 

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

PENGROWTH ANNOUNCES FINALIZATION OF AGREEMENTS TO AMEND FINANCIAL COVENANTS
Thursday, 12 Oct 2017 01:01pm EDT 

Oct 12 (Reuters) - Pengrowth Energy Corp ::PENGROWTH ANNOUNCES SIGNIFICANT DEBT REPAYMENT AND FINALIZATION OF AGREEMENTS WITH BANK SYNDICATE AND NOTEHOLDERS TO AMEND FINANCIAL COVENANTS.FINALIZED ‍AGREEMENTS AMEND EXISTING FINANCIAL COVENANTS EFFECTIVE FOR QUARTER ENDING SEPT 30 THROUGH TO & INCLUDING QUARTER ENDING SEPT 30, 2019​.TERMS OF AMENDING DEALS IS EXPECTED TO PROVIDE CO WITH "FINANCIAL FLEXIBILITY&RUNWAY TO RESTRUCTURE REMAINING DEBT WITH COVENANT LIGHT DEBT"​.‍HAS PREPAID ALL OF ITS OUTSTANDING TERM NOTES DUE IN 2018​.‍CREDIT LIMIT UNDER CREDIT FACILITY TO BE REDUCED TO CDN $330 MILLION AFTER COMPLETION OF DISPOSITION OF CO'S REMAINING SWAN HILLS ASSETS​.FINALIZED AGREEMENTS REDUCE CREDIT LIMIT UNDER CREDIT FACILITY TO C$400 MILLION​.  Full Article

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