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Company: Pengrowth Energy Trust (PGH)
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5 votes

  Pengrowth Insider Buying by CEO

According to recent insider filings, Pengrowth’s CEO purchased 200,000 units in the open market this week at an average cost of $18.40 per unit –a cool $3.68 million.

The big question on investors’ minds these days is what will energy trusts look like in 2011 and beyond? The simple answer is,“probably like all other oil and gas companies.” While the change may not be instantaneous, Canaccord Adams believes that over time, most energy trusts will convert back to a corporate structure and will eventually blend in with the other Canadian intermediate and senior E&Ps. Some will gravitate towards a higher growth strategy while others will remain high dividend paying corporations.

Pengrowth’s average daily production in the first quarter was 82,711 boe/d.

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1 votes

  long term winner

Pengrowth has a proven oil&gas output,currently trading at all time lows and investing in big bitumen plant. Great time to buy now.

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