Pengrowth Energy Trust: 1,5 Prozent Ausschüttung, ja, monatlich - 500 Beiträge pro Seite
eröffnet am 05.11.08 17:07:48 von
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Meistdiskutierte Wertpapiere
| Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
|---|---|---|---|---|---|---|---|
| 1. | 1. | 18.488,69 | +0,24 | 308 | |||
| 2. | 2. | 165,32 | +0,10 | 139 | |||
| 3. | 4. | 4,1825 | -4,94 | 106 | |||
| 4. | 3. | 11,280 | +5,82 | 98 | |||
| 5. | 5. | 6,8540 | +0,20 | 74 | |||
| 6. | 6. | 0,1970 | +0,51 | 64 | |||
| 7. | 8. | 6,6440 | -1,12 | 60 | |||
| 8. | 9. | 7,6700 | -10,50 | 54 |
Feedback
So, damit mein Liebling auch mal einen Thread hat, hier die Fundamentaldaten: Kurs nach dem Absturz bei 11,58 US-Dollar, Ausschüttung der letzten 12 Monate 2,67, eben kam der Quartalsbericht, der sehr gut aussieht.
Aktie wird spärlich in Frankfurt gehandelt, ist aber dort gut zu bekommen, wenn man ein klares Limit setzt. In Deutschland Kurs derzeit um die 9,50, daran gekoppelt die monatliche Ausschüttung von 0,12 Cent je Aktie (schon Steuerabschlag von 25 % eingerechnet) - für 9500 Euro gibt es also rund 120 Euro im Monat (das Geld ist immer pünktlich am 15. auf dem Konto) bzw. rund 1500 Euro im Jahr. Die Firma, ein kanadischer Income-Trust, zahlt die Monatsdividenden regelmäßig seit fast 1989 )siehe www.pengrowth.com). In etwa sechs Jahren hat man seinen Einsatz also ziemlich sicher zurück, zumindest bei den Billigkursen im Moment. Die Anlage hier ist als eine Art zweites Einkommen zu betrachten, viele ältere Amis, die ich kenne, leben von den monatlichen Ausschüttungen.
Lohnt sich, das mal anzuschauen und eventuell strategisch zu kaufen.
Aktie wird spärlich in Frankfurt gehandelt, ist aber dort gut zu bekommen, wenn man ein klares Limit setzt. In Deutschland Kurs derzeit um die 9,50, daran gekoppelt die monatliche Ausschüttung von 0,12 Cent je Aktie (schon Steuerabschlag von 25 % eingerechnet) - für 9500 Euro gibt es also rund 120 Euro im Monat (das Geld ist immer pünktlich am 15. auf dem Konto) bzw. rund 1500 Euro im Jahr. Die Firma, ein kanadischer Income-Trust, zahlt die Monatsdividenden regelmäßig seit fast 1989 )siehe www.pengrowth.com). In etwa sechs Jahren hat man seinen Einsatz also ziemlich sicher zurück, zumindest bei den Billigkursen im Moment. Die Anlage hier ist als eine Art zweites Einkommen zu betrachten, viele ältere Amis, die ich kenne, leben von den monatlichen Ausschüttungen.
Lohnt sich, das mal anzuschauen und eventuell strategisch zu kaufen.
Ähm, glaubst du das wirklich?
Seit wann hast du die Aktie?
Seit wann hast du die Aktie?
Ich glaub das nicht das die soviel ausschütten!
Klingt nicht uninteressant ...
nein, ich glaube das nicht. ich weiß es. ich habe PGH seit 2004 im depot und versichere dir: jeden monat am 15. ist die dividende auf dem konto. wenn das nicht gerade ein sonntag ist.
dividendenanküdigung ist immer um den 24. herum, ex-tag jeweils zwischen 28. und 31., zahltag wie gesagt der 15.
schau unter www.pengrowth.com, dort sind die ausschüttungen des laufenden jahres und die seit 1989 aufgelistet.
dividendenanküdigung ist immer um den 24. herum, ex-tag jeweils zwischen 28. und 31., zahltag wie gesagt der 15.
schau unter www.pengrowth.com, dort sind die ausschüttungen des laufenden jahres und die seit 1989 aufgelistet.
Trading Spotlight
Bragg, ich plane diese Aktie zu kaufen.
Wie läuft eigentlich die Besteuerung der monatlichen Ausschüttung ab ?
Wird die Steuer in Kanada einbehalten ?
Kann man sich diese wieder erstatten lassen, wie zum Beispiel bei ital. oder französ. Aktien ?
Danke
Wie läuft eigentlich die Besteuerung der monatlichen Ausschüttung ab ?
Wird die Steuer in Kanada einbehalten ?
Kann man sich diese wieder erstatten lassen, wie zum Beispiel bei ital. oder französ. Aktien ?
Danke
...
Antwort auf Beitrag Nr.: 35.842.387 von super66 am 05.11.08 17:28:28Ist aber so, habe diesen Trust auch schon länger im Depot.
Ist das ein endlicher Trust?
Sehr komisches Ask in Frankfurt, springt die ganze Zeit um 1 oder 2 cents
Sosa
Sehr komisches Ask in Frankfurt, springt die ganze Zeit um 1 oder 2 cents
Sosa
Dabei sollte man aber bedenken das Trust in Kanada ab 2011 anders besteuert werden...dann werden diese Renditen wohl nicht mehr drin sein...
die besteuerung wird sich bei PGH nicht 2011 ändern, da die firma verlustvorträge hat, die die weitere ausschüttung über mindestens noch zwei jahre gewährleisten. das wären dann vier und man beachte: der CEO kauft seit monaten aktien, als gäbe es bald keine mehr http://canadianinsider.com/coReport/allTransactions.php?tick…, offenkundig, siehe den link, weil er wohl glaubt, dass PGH nach auslaufen der trust-besteuerung zu einer ganz normalen firma werden und dann viel teurer als jetzt ausgekauft werden könnte. ein anderer kanada-trust (PWE) ist letztes jahr von arabern übernommen worden http://www.politplatschquatsch.com/2007/09/der-emir-tankt-in… - die zahlen damals 26,75 C-$, die aktie steht jetzt bei 17.
man darf auch nicht vergessen, dass die besteuerung längst nicht endgültig beschlossen ist. in den trusts haben hunderttausende kanadier ihre alterssicherung angelegt, denen die rente zu vermiesen, kann sich keine regierung erlauben.
man darf auch nicht vergessen, dass die besteuerung längst nicht endgültig beschlossen ist. in den trusts haben hunderttausende kanadier ihre alterssicherung angelegt, denen die rente zu vermiesen, kann sich keine regierung erlauben.
zur erklärung: die royalty trusts werden (wie hier mal mit den REITS geplant) nicht auf firmenebene besteuret, sondern beim anleger. die firma schüttet also die vollen gewinne aus, der aktionär versteuert die dann selbst.
die kanadier ziehen im moment von allen ausschüttungen an deutsche 25 % ab (deshalb habe ich alles vorn gleich NACH steuern gerechnet) - mit der zinsabschlagsteuer ab kommendes jahr ändert sich an der abzugshöhe also gar nichts, da es ein doppelbesteuerungsabkommen gibt, also auf jeden fall nur einmal 25 % fällig werden.
zur orientierung noch http://seekingalpha.com/article/83035-high-yield-canadian-ro…
die kanadier ziehen im moment von allen ausschüttungen an deutsche 25 % ab (deshalb habe ich alles vorn gleich NACH steuern gerechnet) - mit der zinsabschlagsteuer ab kommendes jahr ändert sich an der abzugshöhe also gar nichts, da es ein doppelbesteuerungsabkommen gibt, also auf jeden fall nur einmal 25 % fällig werden.
zur orientierung noch http://seekingalpha.com/article/83035-high-yield-canadian-ro…
Antwort auf Beitrag Nr.: 35.844.867 von bragg am 05.11.08 20:33:34
Genau. Das Gesetz ist geplant, aber noch nicht beschlossen.
. Neu gegründete Trusts sollen 34,5% ihrer Gewinne besteuern, ab 2011 noch 31,5% . Bereits bestehende Trusts bleiben bis 2011 steuerfrei, danach sollen diese ebenfalls mit 31,5% besteuert werden.
Die Folgen für Trustbesitzer wären aber relativ gering. Ab 2011 würde sich die Ausschüttung nur um etwa 5-10% verringern, weil ca. 2/3 der Ausschüttung nicht als Gewinn, sondern als Cashflowzahlung gelten. So trifft die Steuerzahlung nur circa ein Drittel der monatlichen Ausschüttung.
Bei einer angenommenen jährlichen Ausschüttung von derzeit ca. 16% wären es ab 2011 dann eben 14%.
Um beim Beispiel mit den derzeit 120 Euro monatlich zu bleiben, wären es ab 2011 dann „nur noch“ 105 Euro ...
Genau. Das Gesetz ist geplant, aber noch nicht beschlossen.
. Neu gegründete Trusts sollen 34,5% ihrer Gewinne besteuern, ab 2011 noch 31,5% . Bereits bestehende Trusts bleiben bis 2011 steuerfrei, danach sollen diese ebenfalls mit 31,5% besteuert werden.
Die Folgen für Trustbesitzer wären aber relativ gering. Ab 2011 würde sich die Ausschüttung nur um etwa 5-10% verringern, weil ca. 2/3 der Ausschüttung nicht als Gewinn, sondern als Cashflowzahlung gelten. So trifft die Steuerzahlung nur circa ein Drittel der monatlichen Ausschüttung.
Bei einer angenommenen jährlichen Ausschüttung von derzeit ca. 16% wären es ab 2011 dann eben 14%.
Um beim Beispiel mit den derzeit 120 Euro monatlich zu bleiben, wären es ab 2011 dann „nur noch“ 105 Euro ...
aktuelle ergänzung
http://www.fool.com/investing/dividends-income/2008/11/05/5-…
http://www.fool.com/investing/dividends-income/2008/11/05/5-…
Hallo !!
Habe den Trust bereits seit 1 Jahr, regelmäßige monatliche Dividenden Zahlung (immer gleicher Betrag), schwankungen ergeben sich nur durch unterschiedliche Währungsumrechnungskurse.
Bei diesem Trust fallen jedoch 25% Quellensteuer an und ab 2009 durch unsere geliebte Abgeltungssteuer noch mal 25% + 5% ...
Die Abgeltungssteuer ist natürlich der absolute Rendite-Killer !!
Auch wenn noch ein satter Prozentsatz übrig bleibt (im Vergleich zum Tagesgeldkonto) sehe ich den einzigen Vorteil im monatlichen Geldeingang.
Wenn die Steuer nicht wäre, würde ich auch weitere Trust-Anteile erwerben, sind sehr günstig geworden, jedoch sollte man sich alternativen suchen wo keine "Doppelbesteuerung" stattfindet !!
Pirat
Habe den Trust bereits seit 1 Jahr, regelmäßige monatliche Dividenden Zahlung (immer gleicher Betrag), schwankungen ergeben sich nur durch unterschiedliche Währungsumrechnungskurse.
Bei diesem Trust fallen jedoch 25% Quellensteuer an und ab 2009 durch unsere geliebte Abgeltungssteuer noch mal 25% + 5% ...
Die Abgeltungssteuer ist natürlich der absolute Rendite-Killer !!
Auch wenn noch ein satter Prozentsatz übrig bleibt (im Vergleich zum Tagesgeldkonto) sehe ich den einzigen Vorteil im monatlichen Geldeingang.
Wenn die Steuer nicht wäre, würde ich auch weitere Trust-Anteile erwerben, sind sehr günstig geworden, jedoch sollte man sich alternativen suchen wo keine "Doppelbesteuerung" stattfindet !!
Pirat
Antwort auf Beitrag Nr.: 35.844.945 von bragg am 05.11.08 20:39:32Hallo !
Deine Informationen sind nicht ganz korrekt, es wird eine Doppelbesteuerung geben, das einzige was Du machen kannst ist am Jahresende mit Deiner Einkommenssteuererklärung Dir einen Teil davon wieder zurück zuholen.
Aber erst mal fehlt Dir das Geld auf deinem Konto
Pirat
Deine Informationen sind nicht ganz korrekt, es wird eine Doppelbesteuerung geben, das einzige was Du machen kannst ist am Jahresende mit Deiner Einkommenssteuererklärung Dir einen Teil davon wieder zurück zuholen.
Aber erst mal fehlt Dir das Geld auf deinem Konto
Pirat
http://www.infos-finanzen.de/sparen.....en/38-Fragen/fragen1…
28. Fällt die Abgeltungsteuer auch bei ausländischen Kapitalerträgen an?
Ja. Bei ausländischen Wertpapieren, die in einem inländischen Depot liegen, wird die Abgeltungsteuer unmittelbar abgezogen. Wer Wertpapiere im Ausland verwahrt, muss die erzielten Erträge und Kursgewinne wie bisher in der Einkommensteuererklärung angeben. Ausländische Kapitalerträge werden aber dann wie inländische nur mit maximal 25 % besteuert.
Foto
29. Wird die im Ausland erhobene Quellensteuer in Deutschland angerechnet?
Bei ausländischen Wertpapieren im inländischen Depot wird der im Ausland erhobene, anrechenbare Teil der Quellensteuer unmittelbar beim Quellensteuerabzug berücksichtigt. Bei im Ausland erzielten Kapitalerträgen kann die hierauf angefallene ausländische Quellensteuer erst im Rahmen der Einkommensteuerveranlagung angerechnet werden.
28. Fällt die Abgeltungsteuer auch bei ausländischen Kapitalerträgen an?
Ja. Bei ausländischen Wertpapieren, die in einem inländischen Depot liegen, wird die Abgeltungsteuer unmittelbar abgezogen. Wer Wertpapiere im Ausland verwahrt, muss die erzielten Erträge und Kursgewinne wie bisher in der Einkommensteuererklärung angeben. Ausländische Kapitalerträge werden aber dann wie inländische nur mit maximal 25 % besteuert.
Foto
29. Wird die im Ausland erhobene Quellensteuer in Deutschland angerechnet?
Bei ausländischen Wertpapieren im inländischen Depot wird der im Ausland erhobene, anrechenbare Teil der Quellensteuer unmittelbar beim Quellensteuerabzug berücksichtigt. Bei im Ausland erzielten Kapitalerträgen kann die hierauf angefallene ausländische Quellensteuer erst im Rahmen der Einkommensteuerveranlagung angerechnet werden.
ja, klar, sage ich doch. am ende bleibt die höhe der besteuerung bei 25 % der erträge, also so, wie sie bisher ist bzw. sobald man über dem freibetrag ist sinkt sie sogar vom derzeitigen (nach halbeinkünfteverfahren) halben persönlichen steuersat auf 25 % total
Guten Tag.
wie sieht das Orderbuch in Frankfurt aus? Scheint ja nicht viel zu laufen, ich würde gerne aufstocken aber irgendwie ... kaum Handel. Weiß einer woran das liegt?
Sosa
wie sieht das Orderbuch in Frankfurt aus? Scheint ja nicht viel zu laufen, ich würde gerne aufstocken aber irgendwie ... kaum Handel. Weiß einer woran das liegt?
Sosa
Antwort auf Beitrag Nr.: 35.910.341 von A_Sosa am 11.11.08 12:42:56Hier in Deutschland kannst du fast keine Stücke bekommen. Denn die welche haben geben sie nicht hier. Das heisst entweder direkt aus dem Ask kaufen aber der Spread ist natürlich sehr gross oder direkt in USA oder Kanada kaufen. Hier ist eventuell das Spesenproblem je nach Bank/Broker
Antwort auf Beitrag Nr.: 35.910.405 von 1erhart am 11.11.08 12:51:13Nunja, dann werde ich wohl warten müssen bis sich das ask meiner Limit-Order anpasst 
Limit liegt auch über 8 aber da muß ich mich wohl noch gedulden.
Vielen Dank.
Sosa
Limit liegt auch über 8 aber da muß ich mich wohl noch gedulden.
Vielen Dank.
Sosa
so schlimm ist das mit den spreads nicht. einfach ein limit setzen, bei den schwankungen jetzt wird es irgendwann immer ausgeführt 
Antwort auf Beitrag Nr.: 35.910.499 von bragg am 11.11.08 13:02:29Also wenn ich den momentanen Spread nehme sind das fast 4 Prozent. Also das ist bei einer Aktie schon sehr viel.
Aber mit Geduld kann man schon mal wieder ein paar Stücke kriegen zu einem bestimmten Kurs. Man muss hier auch abundzu mal Geduld haben.
Aber mit Geduld kann man schon mal wieder ein paar Stücke kriegen zu einem bestimmten Kurs. Man muss hier auch abundzu mal Geduld haben.
PENGROWTH ENERGY TRUST ANNOUNCES CASH DISTRIBUTION
FOR DECEMBER 15, 2008
(Calgary, November 19, 2008) /Marketwire/ - Pengrowth Corporation, administrator of Pengrowth
Energy Trust, today announced its December 15, 2008 cash distribution will be Cdn $0.225 per trust
unit. The distribution is net of amounts withheld to partially finance capital expenditures. The exdistribution
date is November 26, 2008. The distribution will be payable to all Pengrowth unitholders
who hold trust units on the record date of December 1, 2008.
The distribution of Cdn $0.225 per trust unit is equivalent to approximately U.S. $0.1819 per trust
unit using a U.S./Canadian dollar exchange ratio of 0.8084. The actual U.S. dollar equivalent
distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment
date, net of applicable Canadian withholding taxes. This distribution relates to the production month
of October 2008. Cash distributions paid over the past 12 months now total Cdn $2.70 per trust unit
or approximately U.S. $2.62 per trust unit.
PENGROWTH CORPORATION
James S. Kinnear
Chairman, President and Chief Executive Officer
FOR DECEMBER 15, 2008
(Calgary, November 19, 2008) /Marketwire/ - Pengrowth Corporation, administrator of Pengrowth
Energy Trust, today announced its December 15, 2008 cash distribution will be Cdn $0.225 per trust
unit. The distribution is net of amounts withheld to partially finance capital expenditures. The exdistribution
date is November 26, 2008. The distribution will be payable to all Pengrowth unitholders
who hold trust units on the record date of December 1, 2008.
The distribution of Cdn $0.225 per trust unit is equivalent to approximately U.S. $0.1819 per trust
unit using a U.S./Canadian dollar exchange ratio of 0.8084. The actual U.S. dollar equivalent
distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment
date, net of applicable Canadian withholding taxes. This distribution relates to the production month
of October 2008. Cash distributions paid over the past 12 months now total Cdn $2.70 per trust unit
or approximately U.S. $2.62 per trust unit.
PENGROWTH CORPORATION
James S. Kinnear
Chairman, President and Chief Executive Officer
Antwort auf Beitrag Nr.: 35.910.756 von 1erhart am 11.11.08 13:30:49
also bei 12 % tagesschwankung jucken mich 4 % spread nicht wirklich. nicht so sehr wie die tagesschwankung edenfalls
also bei 12 % tagesschwankung jucken mich 4 % spread nicht wirklich. nicht so sehr wie die tagesschwankung edenfalls
Wie sieht das denn aus mit der Kontinuität der Ausschüttungen, in Bezug auf den sinkenden Ölpreis?
Sind signifikante Veränderungen zu erwarten?
Sosa
Sind signifikante Veränderungen zu erwarten?
Sosa
Antwort auf Beitrag Nr.: 36.078.935 von A_Sosa am 26.11.08 18:43:22Zumindest kam in den letzten Monaten keine Kürzung und auch für die nächste Ausschüttung sind 0,225 CAD bestätigt. Zahlbar am 15.12.2008
den ex-tag mit aufschlag erledigt. auch mal schön
PETROWEST ENERGY SERVICES TRUST ANNOUNCES
EXTENSION AND AMENDMENTS TO ITS CREDIT FACILITY
Calgary, Alberta, December 15, 2008 - Petrowest Energy Services Trust ("Petrowest")
(TSX - "PRW.UN") announced today that it has entered into an agreement with its banking syndicate,
comprised of four Canadian banks (the “Bank Syndicate”), to extend its credit facility to December 14,
2009. The agreement entered into by Petrowest with its Bank Syndicate also effects certain
amendments to the credit facility. These amendments reduce the overall size of the credit facility from
$100.0 million to $95.0 million with further quarterly reductions of $4.8 million commencing on March
31, 2009. In addition, the amendments preclude the payment of distributions by Petrowest without the
prior written consent of the Bank Syndicate and reduce the "funded debt to capitalization ratio"
covenant to 0.50:1.00 from the current covenant of 0.55:1.00.
In the event the credit facility is not extended at the end of the term on December 14, 2009, the
outstanding principal amount will become immediately due and payable.
Petrowest is a leading provider of pre-drilling and post-completion energy and civil infrastructure
services to the northern region of the western Canadian sedimentary basin. Petrowest is an
unincorporated, open-ended, limited purpose, mutual fund trust established under the laws of Alberta.
For further information contact: Ralph Hesje, President and Chief Executive Officer at (403) 237-0881;
or Lloyd A. Wiggins, Chief Financial Officer at (403) 237-0881; or info@petro-west.com.
EXTENSION AND AMENDMENTS TO ITS CREDIT FACILITY
Calgary, Alberta, December 15, 2008 - Petrowest Energy Services Trust ("Petrowest")
(TSX - "PRW.UN") announced today that it has entered into an agreement with its banking syndicate,
comprised of four Canadian banks (the “Bank Syndicate”), to extend its credit facility to December 14,
2009. The agreement entered into by Petrowest with its Bank Syndicate also effects certain
amendments to the credit facility. These amendments reduce the overall size of the credit facility from
$100.0 million to $95.0 million with further quarterly reductions of $4.8 million commencing on March
31, 2009. In addition, the amendments preclude the payment of distributions by Petrowest without the
prior written consent of the Bank Syndicate and reduce the "funded debt to capitalization ratio"
covenant to 0.50:1.00 from the current covenant of 0.55:1.00.
In the event the credit facility is not extended at the end of the term on December 14, 2009, the
outstanding principal amount will become immediately due and payable.
Petrowest is a leading provider of pre-drilling and post-completion energy and civil infrastructure
services to the northern region of the western Canadian sedimentary basin. Petrowest is an
unincorporated, open-ended, limited purpose, mutual fund trust established under the laws of Alberta.
For further information contact: Ralph Hesje, President and Chief Executive Officer at (403) 237-0881;
or Lloyd A. Wiggins, Chief Financial Officer at (403) 237-0881; or info@petro-west.com.
Hat PETROWEST ... hier etwas bei PENGROWTH ... zu suchen ??. Ich denke nicht.
Antwort auf Beitrag Nr.: 36.225.421 von Treidler am 17.12.08 19:14:20immer noch einer der Besten Dividendenwerte!
Antwort auf Beitrag Nr.: 36.289.363 von lerchengrund am 01.01.09 22:19:47letzte Woche kam schon wieder geld in die kasse.
Antwort auf Beitrag Nr.: 36.901.288 von lerchengrund am 01.04.09 21:12:29immer noch eines der besten Dividendenwerte!
Habe mir mal ein paar zugelegt.
Jul 28, 2009 10:40 ET
Pengrowth Energy Trust Announces Expected Release Date for Second Quarter Results
CALGARY, ALBERTA--(Marketwire - July 28, 2009) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH) (collectively "Pengrowth"), is pleased to announce that Second Quarter 2009 Financial and Operating Results will be released on Thursday, August 6, 2009 after markets close. Pengrowth will host a conference call beginning at 9:00 A.M. Mountain Daylight Time on Friday, August 7, 2009 during which management will review Pengrowth's results and respond to inquiries from the investment community.
To participate callers may dial (800) 594-3615 or Toronto local (416) 644-3423. To ensure timely participation in the teleconference callers are encouraged to dial in 10 to 15 minutes prior to commencement of the call to register. The conference call will also be accessible by webcast at http://events.onlinebroadcasting.com/pengrowth/080609/index.… A telephone replay will be available through to midnight Eastern Time on Friday, August 14, 2009 by dialing (877) 289-8525 or Toronto local (416) 640-1917 and entering passcode number 21310526#.
Pengrowth Energy Trust Announces Expected Release Date for Second Quarter Results
CALGARY, ALBERTA--(Marketwire - July 28, 2009) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH) (collectively "Pengrowth"), is pleased to announce that Second Quarter 2009 Financial and Operating Results will be released on Thursday, August 6, 2009 after markets close. Pengrowth will host a conference call beginning at 9:00 A.M. Mountain Daylight Time on Friday, August 7, 2009 during which management will review Pengrowth's results and respond to inquiries from the investment community.
To participate callers may dial (800) 594-3615 or Toronto local (416) 644-3423. To ensure timely participation in the teleconference callers are encouraged to dial in 10 to 15 minutes prior to commencement of the call to register. The conference call will also be accessible by webcast at http://events.onlinebroadcasting.com/pengrowth/080609/index.… A telephone replay will be available through to midnight Eastern Time on Friday, August 14, 2009 by dialing (877) 289-8525 or Toronto local (416) 640-1917 and entering passcode number 21310526#.
Antwort auf Beitrag Nr.: 37.298.737 von lerchengrund am 01.06.09 22:15:01Habe mal nachgeschaut, die monatliche Div, ist seit ein paar Monaten
auf 0,10 Can.Cent und in USA auf 0,09 US Cent gesunken, vor Steuer.
Richtig ???
auf 0,10 Can.Cent und in USA auf 0,09 US Cent gesunken, vor Steuer.
Richtig ???
Richtig, und nach Quellen- u. Abgeltungssteuer verbleiben ca. 0,04€.
exakt. 0,04. macht übers jahr 8,2 % rendite
Mahlzeit,
man(n) kann einiges an aktuellen Infos über die yahoo page erfahren, ebenfalls sind da auch die real-time Kurse
Für den Handel kann ich nur USA empfehlen, da gib es keine nervigen Wartezeiten, ich weiß zwar nicht, wie das in D funzt, aber hier in N direkt über mein netbanking.
Die Spesen sind allerdings
Bei 25% Steuer eine feine Sache.
so long
man(n) kann einiges an aktuellen Infos über die yahoo page erfahren, ebenfalls sind da auch die real-time Kurse
Für den Handel kann ich nur USA empfehlen, da gib es keine nervigen Wartezeiten, ich weiß zwar nicht, wie das in D funzt, aber hier in N direkt über mein netbanking.
Die Spesen sind allerdings
Bei 25% Steuer eine feine Sache.
so long
Aug 20, 2009 17:36 ET
Pengrowth Energy Trust Announces Cash Distribution for September 15, 2009
CALGARY, ALBERTA--(Marketwire - Aug. 20, 2009) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), today announced its September 15, 2009 cash distribution will be Cdn $0.10 per trust unit. The distribution is net of amounts withheld to partially finance capital expenditures and preserve financial flexibility. The ex-distribution date is August 27, 2009. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of August 31, 2009.
The distribution of Cdn $0.10 per trust unit is equivalent to approximately U.S. $0.09191 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9191. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. This distribution relates to the production month of July 2009. Cash distributions paid over the past 12 months now total Cdn $1.84 per trust unit or approximately U.S. $1.57 per trust unit.
PENGROWTH CORPORATION
Pengrowth Energy Trust Announces Cash Distribution for September 15, 2009
CALGARY, ALBERTA--(Marketwire - Aug. 20, 2009) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), today announced its September 15, 2009 cash distribution will be Cdn $0.10 per trust unit. The distribution is net of amounts withheld to partially finance capital expenditures and preserve financial flexibility. The ex-distribution date is August 27, 2009. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of August 31, 2009.
The distribution of Cdn $0.10 per trust unit is equivalent to approximately U.S. $0.09191 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9191. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. This distribution relates to the production month of July 2009. Cash distributions paid over the past 12 months now total Cdn $1.84 per trust unit or approximately U.S. $1.57 per trust unit.
PENGROWTH CORPORATION
Aug 31, 2009 12:02 ET
Pengrowth Energy Trust Announces Resumption of Production at Sable Offshore Energy Project
CALGARY, ALBERTA--(Marketwire - Aug. 31, 2009) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH) ("Pengrowth"), today announced that production from the Sable Offshore Energy Project ("SOEP") in Nova Scotia has resumed after experiencing a minor delay due to Hurricane Bill.
SOEP was down for scheduled maintenance and was not producing natural gas just before the storm hit. However due to the storm evacuation, a minor delay was experienced in ramping up production after the maintenance outage. Inspections to the satellite platforms did not turn up any damage from the hurricane, which passed over the region on August 22, 2009.
SOEP typically produces between 350 and 400 million cubic feet of natural gas and 15,000 barrels of natural gas liquids per day. Pengrowth is an 8.4 percent non-operated working interest partner in the ExxonMobil operated field.
Pengrowth Energy Trust Announces Resumption of Production at Sable Offshore Energy Project
CALGARY, ALBERTA--(Marketwire - Aug. 31, 2009) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH) ("Pengrowth"), today announced that production from the Sable Offshore Energy Project ("SOEP") in Nova Scotia has resumed after experiencing a minor delay due to Hurricane Bill.
SOEP was down for scheduled maintenance and was not producing natural gas just before the storm hit. However due to the storm evacuation, a minor delay was experienced in ramping up production after the maintenance outage. Inspections to the satellite platforms did not turn up any damage from the hurricane, which passed over the region on August 22, 2009.
SOEP typically produces between 350 and 400 million cubic feet of natural gas and 15,000 barrels of natural gas liquids per day. Pengrowth is an 8.4 percent non-operated working interest partner in the ExxonMobil operated field.
Sep 13, 2009 16:11 ET
Pengrowth Energy Trust Announces Management Changes
CALGARY, ALBERTA--(Marketwire - Sept. 13, 2009) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN)(NYSE:PGH) (collectively, "Pengrowth"), today announced that Founder, Chairman and Chief Executive Officer, James S. Kinnear, will be retiring from day to day operations and management of Pengrowth. Mr. Kinnear will step down as Chairman and Chief Executive Officer effective today but will continue as a Director of Pengrowth Corporation.
In recognition of Mr. Kinnear's extraordinary role as Founder, Chairman and Chief Executive Officer of Pengrowth, the Board of Directors is pleased to announce Mr. Kinnear's designation as Chairman Emeritus of Pengrowth Corporation. The Board of Directors would also like to thank Mr. Kinnear for his outstanding contribution to Pengrowth over the last 20 years on behalf of Unitholders and to wish him every success with his other varied business and philanthropic interests.
On behalf of the Board of Directors, Vice Chairman and Lead Independent Director John Zaozirny stated, "Jim Kinnear has not only been a great builder and creator of value for Pengrowth's Unitholders, he is an extraordinary citizen as demonstrated by his commitment to his community and numerous philanthropic endeavors. We congratulate Jim on his accomplishments and thank him on behalf of Unitholders."
Pengrowth Corporation is also pleased to announce the appointment of Derek Evans as President and Chief Executive Officer of Pengrowth Corporation. Mr. Evans currently serves as a Director and as President and Chief Operating Officer of Pengrowth. Mr. Evans has over 26 years of experience in the energy sector in western Canada, most recently having served as President, CEO and director of Focus Energy Trust from May 2002 until March 2008. Mr. Evans spent the majority of his career with Renaissance Energy Limited in a variety of operational and management positions, the last being Senior Vice President of Operations.
Mr. Zaozirny also stated, "Derek Evans is a seasoned and dynamic executive ready to lead the very capable Pengrowth management team in its ongoing commitment to deliver value to Unitholders. Pengrowth's future is in capable hands."
Pengrowth Energy Trust Announces Management Changes
CALGARY, ALBERTA--(Marketwire - Sept. 13, 2009) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN)(NYSE:PGH) (collectively, "Pengrowth"), today announced that Founder, Chairman and Chief Executive Officer, James S. Kinnear, will be retiring from day to day operations and management of Pengrowth. Mr. Kinnear will step down as Chairman and Chief Executive Officer effective today but will continue as a Director of Pengrowth Corporation.
In recognition of Mr. Kinnear's extraordinary role as Founder, Chairman and Chief Executive Officer of Pengrowth, the Board of Directors is pleased to announce Mr. Kinnear's designation as Chairman Emeritus of Pengrowth Corporation. The Board of Directors would also like to thank Mr. Kinnear for his outstanding contribution to Pengrowth over the last 20 years on behalf of Unitholders and to wish him every success with his other varied business and philanthropic interests.
On behalf of the Board of Directors, Vice Chairman and Lead Independent Director John Zaozirny stated, "Jim Kinnear has not only been a great builder and creator of value for Pengrowth's Unitholders, he is an extraordinary citizen as demonstrated by his commitment to his community and numerous philanthropic endeavors. We congratulate Jim on his accomplishments and thank him on behalf of Unitholders."
Pengrowth Corporation is also pleased to announce the appointment of Derek Evans as President and Chief Executive Officer of Pengrowth Corporation. Mr. Evans currently serves as a Director and as President and Chief Operating Officer of Pengrowth. Mr. Evans has over 26 years of experience in the energy sector in western Canada, most recently having served as President, CEO and director of Focus Energy Trust from May 2002 until March 2008. Mr. Evans spent the majority of his career with Renaissance Energy Limited in a variety of operational and management positions, the last being Senior Vice President of Operations.
Mr. Zaozirny also stated, "Derek Evans is a seasoned and dynamic executive ready to lead the very capable Pengrowth management team in its ongoing commitment to deliver value to Unitholders. Pengrowth's future is in capable hands."
Antwort auf Beitrag Nr.: 37.971.234 von R-BgO am 14.09.09 00:04:49Das klang schon seit Jahren vielversprechend,jetzt scheint aber wirklich mal Bewegung reinzukommen!
Wenngleich hier auch wieder ,,Zeit´´ benötigt wird!
Wenngleich hier auch wieder ,,Zeit´´ benötigt wird!
02.10.2009 03:23
Pengrowth Energy cuts distribution by 30 pct
TORONTO, Oct 1 (Reuters) - Pengrowth Energy Trust said on Thursday it would cut its cash distribution by 30 percent starting in November so it could expand its capital expenditures and cut debt.
Pengrowth said it decided to reduce its Nov.16 cash distribution by 30 percent or 3 Canadian cents per trust unit to 7 Canadian cents per trust unit. The energy trust also said it anticipates converting to a dividend paying corporation no later than 2013.
($1=$1.09 Canadian)
Pengrowth Energy cuts distribution by 30 pct
TORONTO, Oct 1 (Reuters) - Pengrowth Energy Trust said on Thursday it would cut its cash distribution by 30 percent starting in November so it could expand its capital expenditures and cut debt.
Pengrowth said it decided to reduce its Nov.16 cash distribution by 30 percent or 3 Canadian cents per trust unit to 7 Canadian cents per trust unit. The energy trust also said it anticipates converting to a dividend paying corporation no later than 2013.
($1=$1.09 Canadian)
Quartalsbericht
http://www.pengrowth.com/newsmanager/articlefiles/736-Q309%2…
http://www.pengrowth.com/newsmanager/articlefiles/736-Q309%2…
Antwort auf Beitrag Nr.: 38.353.242 von Ulf-Imat am 10.11.09 02:42:53
Der Spritpreis geht immer höher, die Firmen verdienen immer mehr und die Divi wird erneut gekürzt.
Irgendetwas stimmt nicht!!!
Können wir nicht mal wieder zur Normalität zurückkehren ??
Der Spritpreis geht immer höher, die Firmen verdienen immer mehr und die Divi wird erneut gekürzt.
Irgendetwas stimmt nicht!!!
Können wir nicht mal wieder zur Normalität zurückkehren ??
Antwort auf Beitrag Nr.: 38.354.540 von ruesselmaus04 am 10.11.09 10:39:03...hm nichts ist mehr so, wie es éinmal war.
Schweren Herzens hatte ich meine PGS & MHG letztens komplett verkauft.
Bei PGS ist vor allem das Verhältnis USA/NOK zum absoluten Witz geworden.
Mein Tip, suche Dir einen guten Offshore Titel in Norwegen, da liegt noch reichlich Potential, auch bei den Ocean Freunden geht bald wieder die Post ab, das wird Dir sicher auch wieder längere Zeit Freude machen...
Bei dem Zeitfenster gilt es aber aufzupassen, ich denke, der nächste Knall wird nachhaltiger, vor allem wer soll das dann glattbügeln
so long
Schweren Herzens hatte ich meine PGS & MHG letztens komplett verkauft.
Bei PGS ist vor allem das Verhältnis USA/NOK zum absoluten Witz geworden.
Mein Tip, suche Dir einen guten Offshore Titel in Norwegen, da liegt noch reichlich Potential, auch bei den Ocean Freunden geht bald wieder die Post ab, das wird Dir sicher auch wieder längere Zeit Freude machen...
Bei dem Zeitfenster gilt es aber aufzupassen, ich denke, der nächste Knall wird nachhaltiger, vor allem wer soll das dann glattbügeln
so long
Nov 20, 2009 16:37 ET
Pengrowth Energy Trust Announces Cash Distribution for December 15, 2009
CALGARY, ALBERTA--(Marketwire - Nov. 20, 2009) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), today announced its December 15, 2009 cash distribution will be Cdn $0.07 per trust unit. The distribution is net of amounts withheld to finance capital expenditures and preserve financial flexibility. The ex-distribution date is November 27, 2009. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of December 1, 2009.
The distribution of Cdn $0.07 per trust unit is equivalent to approximately U.S. $0.0666 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9515. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. This distribution relates to the production month of October 2009. Cash distributions paid over the past 12 months now total Cdn $1.44 per trust unit or approximately U.S. $1.22 per trust unit.
About Pengrowth:
Founded in 1988, Pengrowth Energy Trust is the third largest Canadian conventional oil and gas energy trust as measured by production. Pengrowth is traded on both the New York (PGH) and Toronto Stock Exchanges (PGF.UN), and has a current enterprise value of approximately $3.9 billion (CDN) and more than 600 team members who support its operations and activities. Pengrowth is recognized as a pioneer and leader in the Canadian energy trust sector.
PENGROWTH CORPORATION
Derek Evans, President and Chief Executive Officer
Pengrowth Energy Trust Announces Cash Distribution for December 15, 2009
CALGARY, ALBERTA--(Marketwire - Nov. 20, 2009) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), today announced its December 15, 2009 cash distribution will be Cdn $0.07 per trust unit. The distribution is net of amounts withheld to finance capital expenditures and preserve financial flexibility. The ex-distribution date is November 27, 2009. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of December 1, 2009.
The distribution of Cdn $0.07 per trust unit is equivalent to approximately U.S. $0.0666 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9515. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. This distribution relates to the production month of October 2009. Cash distributions paid over the past 12 months now total Cdn $1.44 per trust unit or approximately U.S. $1.22 per trust unit.
About Pengrowth:
Founded in 1988, Pengrowth Energy Trust is the third largest Canadian conventional oil and gas energy trust as measured by production. Pengrowth is traded on both the New York (PGH) and Toronto Stock Exchanges (PGF.UN), and has a current enterprise value of approximately $3.9 billion (CDN) and more than 600 team members who support its operations and activities. Pengrowth is recognized as a pioneer and leader in the Canadian energy trust sector.
PENGROWTH CORPORATION
Derek Evans, President and Chief Executive Officer
Thu Dec 17, 8:52 PM
By The Canadian Press
ADVERTISEMENT
CALGARY - Pengrowth Energy Trust (TSX:PGF.UN) plans to spend $285 million as part of its 2010 capital program, up by a third from 2009.
Full year production for 2010 is forecast to be between 74,000 and 76,000 barrels of oil equivalent per day, following the sale of approximately 1,000 boe per day of production late this year.
The energy trust said the 2010 capital program will be focused 70 per cent on oil development and liquids rich gas projects with the expected drilling of 232 gross wells in the year.
Pengrowth also plans to spend $15.5 million on its operated heavy oil projects, in addition to $15 million for its pilot steam assisted gravity drainage oil project.
About $12 million as been allocated to Pengrowth's shale gas property at Horn for the drilling of three wells this winter.
"We are picky, patient and persistent and we intend to spend every cent of our shareholders money as if it were our own," Pengrowth president and chief executive Derek Evans said in a statement.
By The Canadian Press
ADVERTISEMENT
CALGARY - Pengrowth Energy Trust (TSX:PGF.UN) plans to spend $285 million as part of its 2010 capital program, up by a third from 2009.
Full year production for 2010 is forecast to be between 74,000 and 76,000 barrels of oil equivalent per day, following the sale of approximately 1,000 boe per day of production late this year.
The energy trust said the 2010 capital program will be focused 70 per cent on oil development and liquids rich gas projects with the expected drilling of 232 gross wells in the year.
Pengrowth also plans to spend $15.5 million on its operated heavy oil projects, in addition to $15 million for its pilot steam assisted gravity drainage oil project.
About $12 million as been allocated to Pengrowth's shale gas property at Horn for the drilling of three wells this winter.
"We are picky, patient and persistent and we intend to spend every cent of our shareholders money as if it were our own," Pengrowth president and chief executive Derek Evans said in a statement.
Dec 21, 2009 16:30 ET
Pengrowth Energy Trust Announces Cash Distribution for January 15, 2010
CALGARY, ALBERTA--(Marketwire - Dec. 21, 2009) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), today announced its January 15, 2010 cash distribution will be Cdn $0.07 per trust unit. The distribution is net of amounts withheld to finance capital expenditures and preserve financial flexibility. The ex-distribution date is December 29, 2009. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of December 31, 2009.
The distribution of Cdn $0.07 per trust unit is equivalent to approximately U.S. $0.06542 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9346. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. This distribution relates to the production month of November 2009. Cash distributions paid over the past 12 months now total Cdn $1.28 per trust unit or approximately U.S. $1.10 per trust unit.
Pengrowth Energy Trust Announces Cash Distribution for January 15, 2010
CALGARY, ALBERTA--(Marketwire - Dec. 21, 2009) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), today announced its January 15, 2010 cash distribution will be Cdn $0.07 per trust unit. The distribution is net of amounts withheld to finance capital expenditures and preserve financial flexibility. The ex-distribution date is December 29, 2009. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of December 31, 2009.
The distribution of Cdn $0.07 per trust unit is equivalent to approximately U.S. $0.06542 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9346. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. This distribution relates to the production month of November 2009. Cash distributions paid over the past 12 months now total Cdn $1.28 per trust unit or approximately U.S. $1.10 per trust unit.
Jan 15, 2010 16:31 ET
Pengrowth Energy Trust Announces Redemption of Its 6.50 Percent Convertible Extendible Unsecured Subordinated Debentures
CALGARY, ALBERTA--(Marketwire - Jan. 15, 2010) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH) (collectively "Pengrowth") is pleased to announce the closing of the previously announced Convertible Unsecured Subordinated Debentures redemption. The entire cash redemption amount of $76,809,083, including accrued interest to the redemption date, was funded with incremental borrowings from the revolving credit facility. In conjunction with the closing the Debentures (PGF.DB) will be delisted from the TSX resulting in Pengrowth having no convertible debentures outstanding.
Pengrowth Energy Trust Announces Redemption of Its 6.50 Percent Convertible Extendible Unsecured Subordinated Debentures
CALGARY, ALBERTA--(Marketwire - Jan. 15, 2010) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH) (collectively "Pengrowth") is pleased to announce the closing of the previously announced Convertible Unsecured Subordinated Debentures redemption. The entire cash redemption amount of $76,809,083, including accrued interest to the redemption date, was funded with incremental borrowings from the revolving credit facility. In conjunction with the closing the Debentures (PGF.DB) will be delisted from the TSX resulting in Pengrowth having no convertible debentures outstanding.
Antwort auf Beitrag Nr.: 38.751.017 von R-BgO am 16.01.10 16:37:30Pengrowth Closes Previously Announced Redemption
Pengrowth Energy Trust |Monday, January 18, 2010
Pengrowth has closed the previously announced Convertible Unsecured Subordinated Debentures redemption. The entire cash redemption amount of $76,809,083, including accrued interest to the redemption date, was funded with incremental borrowings from the revolving credit facility.
In conjunction with the closing the Debentures (PGF.DB) will be delisted from the TSX resulting in Pengrowth having no convertible debentures outstanding.
Pengrowth Energy Trust |Monday, January 18, 2010
Pengrowth has closed the previously announced Convertible Unsecured Subordinated Debentures redemption. The entire cash redemption amount of $76,809,083, including accrued interest to the redemption date, was funded with incremental borrowings from the revolving credit facility.
In conjunction with the closing the Debentures (PGF.DB) will be delisted from the TSX resulting in Pengrowth having no convertible debentures outstanding.
Jan 21, 2010 17:05 ET
Pengrowth Energy Trust Announces Cash Distribution for February 16, 2010
CALGARY, ALBERTA--(Marketwire - Jan. 21, 2010) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), today announced its February 16, 2010 cash distribution will be Cdn $0.07 per trust unit. The distribution is net of amounts withheld to finance capital expenditures and preserve financial flexibility. The ex-distribution date is January 28, 2010. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of February 1, 2010.
The distribution of Cdn $0.07 per trust unit is equivalent to approximately U.S. $0.06671 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9530. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. This distribution relates to the production month of December 2009. Cash distributions paid over the past 12 months now total Cdn $1.18 per trust unit or approximately U.S. $1.04 per trust unit.
Pengrowth Energy Trust Announces Cash Distribution for February 16, 2010
CALGARY, ALBERTA--(Marketwire - Jan. 21, 2010) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), today announced its February 16, 2010 cash distribution will be Cdn $0.07 per trust unit. The distribution is net of amounts withheld to finance capital expenditures and preserve financial flexibility. The ex-distribution date is January 28, 2010. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of February 1, 2010.
The distribution of Cdn $0.07 per trust unit is equivalent to approximately U.S. $0.06671 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9530. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. This distribution relates to the production month of December 2009. Cash distributions paid over the past 12 months now total Cdn $1.18 per trust unit or approximately U.S. $1.04 per trust unit.
May 05, 2010 21:38 ET
Pengrowth Energy Trust Reports First Quarter 2010 Results
CALGARY, ALBERTA--(Marketwire - May 5, 2010) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (collectively "Pengrowth") (TSX:PGF.UN) (NYSE:PGH), is pleased to report Pengrowth's unaudited operating and financial results for the quarter ended March 31, 2010. All figures are in Canadian dollars unless otherwise stated.
Pengrowth's unaudited consolidated financial statements for the quarter ended March 31, 2010 and related Management's Discussion and Analysis can be accessed immediately on Pengrowth's website at www.pengrowth.com, and have been filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml.
Financial Highlights
- Over the past 12 months, Pengrowth has reduced its long-term debt by $726 million or approximately 42 percent. Included in the reduction are foreign exchange gains of approximately $225 million, attributable to the continued strengthening of the Canadian dollar versus the U.S. dollar and UK pound on Pengrowth's foreign denominated debt.
- During the first quarter, Pengrowth continued to live within cash flow. Cash flow before working capital changes of $151.6 million exceeded the sum of capital expenditures and distributions at $124.5 million. The balance of approximately $27 million was used to pay down debt.
- Cash flow before working capital changes increased 16 percent from the same quarter last year and increased two percent from the fourth quarter of 2009.
- Pengrowth continued to work on the legal aspects of our corporate conversion plans. With the availability of $2.8 billion worth of tax pools, Pengrowth will convert to a dividend paying corporation on or before January 1, 2011 with little or no impact to our ability to distribute the same level of cash to our unitholders at the time of conversion.
- Pengrowth has increased institutional ownership to 22 percent, up significantly from eight percent at this time last year.
Operational Highlights
- During the first quarter, Pengrowth participated in drilling 113 gross (78 net) wells, 107 of which were cased for production with the remaining six used as water source wells or injectors.
- As part of our operated shallow gas program, Pengrowth drilled 52 (46.8 net) wells in the Jenner area. This program demonstrated our ability to achieve top quartile drilling efficiencies due to the size and scale of the program.
- Pengrowth licensed additional Beaverhill Lake formation locations in our Judy Creek/Swan Hills trend. We continue to remain confident that the success experienced at our Carson Creek property can be expanded to our broader suite of assets.
- Two successful wells drilled in Deer Mountain tested our thesis that tighter Beaverhill Lake formation reservoir rock and platform plays can be exploited through the application of horizontal drilling and multi-stage fracing technology. Early results are encouraging.
"We are pleased with how our work plans have been unfolding as we continue to execute on our strategy agenda" said Derek Evans Pengrowth's President and Chief Executive Officer. "Our efforts are moving us towards our ultimate goal of transforming Pengrowth from an income trust to a growth oriented oil and gas operating company. It is certainly an exciting time in our history".
Summary of Financial and Operating Results
Three Months ended
(monetary amounts in
thousands,
except per unit March 31, December 31, March 31,
amounts) 2010 2009 %Change 2009 %Change
----------------------------------------------------------------------------
STATEMENT OF INCOME
Oil and gas sales $ 358,131 $ 359,296 - $ 322,973 11
Net income (loss) $ 108,816 $ 50,523 115 $ (54,232) 301
Net income (loss)
per trust unit $ 0.37 $ 0.18 106 $ (0.21) 276
----------------------------------------------------------------------------
CASH FLOW
Cash flow from
operating
activities $ 146,736 $ 149,933 (2) $ 94,386 55
Cash flow from
Operating
activities per
trust unit $ 0.51 $ 0.53 (4) $ 0.37 38
Capital expenditures $ 63,636 $ 46,215 38 $ 73,060 (13)
Capital expenditures
per trust unit $ 0.22 $ 0.16 38 $ 0.28 (21)
Distributions
declared $ 61,037 $ 60,880 - $ 77,212 (21)
Distributions
declared per
trust unit $ 0.21 $ 0.21 - $ 0.30 (30)
Ratio of
distributions
declared over
cash flow from
operating
activities 42% 41% 82%
Weighted average
number of trust
units
outstanding (000's) 290,185 282,298 3 256,727 13
----------------------------------------------------------------------------
BALANCE SHEET(1)
Working capital
(deficiency) excess $ (51,042) $ (217,007)(2) (76) $ 19,580 (361)
Property, plant and
equipment $ 3,678,304 $ 3,789,369 (3) $4,176,188 (12)
Long term debt $ 1,007,072 $ 907,599 11 $1,657,897 (39)
Trust unitholders'
equity $ 2,851,562 $ 2,795,201 2 $2,544,907 12
Trust unitholders'
equity per trust
unit $ 9.81 $ 9.64 2 $ 9.88 (1)
Currency (U.S.$/Cdn$)
(closing rate at
period end) $ 0.9844 $ 0.9515 $ 0.7928
Number of trust
units outstanding
at period end
(000's) 290,760 289,835 - 257,515 13
----------------------------------------------------------------------------
AVERAGE DAILY PRODUCTION
Crude oil (bbls) 22,400 21,948 2 23,424 (4)
Heavy oil (bbls) 7,113 7,235 (2) 7,672 (7)
Natural gas (mcf) 220,640 232,682 (5) 236,232 (7)
Natural gas liquids
(bbls) 9,341 9,564 (2) 9,815 (5)
Total production (boe) 75,627 77,529 (2) 80,284 (6)
TOTAL PRODUCTION (mboe) 6,806 7,133 (5) 7,226 (6)
----------------------------------------------------------------------------
PRODUCTION PROFILE
Crude oil 30% 28% 29%
Heavy oil 9% 9% 10%
Natural gas 49% 50% 49%
Natural gas liquids 12% 13% 12%
----------------------------------------------------------------------------
AVERAGE REALIZED PRICES
(after commodity risk
management)
Crude oil (per bbl) $ 77.35 $ 75.79 2 $ 66.12 17
Heavy oil (per bbl) $ 65.91 $ 62.16 6 $ 34.31 92
Natural gas
(per mcf) $ 5.62 $ 5.45 3 $ 6.00 (6)
Natural gas liquids
(per bbl) $ 56.57 $ 54.52 4 $ 35.62 59
Average realized
price per boe $ 52.49 $ 50.35 4 $ 44.57 18
----------------------------------------------------------------------------
(1)Balance sheet amounts are at period end.
(2) Includes $157.5 million current portion of long term debt.
Pengrowth Energy Trust Reports First Quarter 2010 Results
CALGARY, ALBERTA--(Marketwire - May 5, 2010) - Pengrowth Corporation, administrator of Pengrowth Energy Trust (collectively "Pengrowth") (TSX:PGF.UN) (NYSE:PGH), is pleased to report Pengrowth's unaudited operating and financial results for the quarter ended March 31, 2010. All figures are in Canadian dollars unless otherwise stated.
Pengrowth's unaudited consolidated financial statements for the quarter ended March 31, 2010 and related Management's Discussion and Analysis can be accessed immediately on Pengrowth's website at www.pengrowth.com, and have been filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml.
Financial Highlights
- Over the past 12 months, Pengrowth has reduced its long-term debt by $726 million or approximately 42 percent. Included in the reduction are foreign exchange gains of approximately $225 million, attributable to the continued strengthening of the Canadian dollar versus the U.S. dollar and UK pound on Pengrowth's foreign denominated debt.
- During the first quarter, Pengrowth continued to live within cash flow. Cash flow before working capital changes of $151.6 million exceeded the sum of capital expenditures and distributions at $124.5 million. The balance of approximately $27 million was used to pay down debt.
- Cash flow before working capital changes increased 16 percent from the same quarter last year and increased two percent from the fourth quarter of 2009.
- Pengrowth continued to work on the legal aspects of our corporate conversion plans. With the availability of $2.8 billion worth of tax pools, Pengrowth will convert to a dividend paying corporation on or before January 1, 2011 with little or no impact to our ability to distribute the same level of cash to our unitholders at the time of conversion.
- Pengrowth has increased institutional ownership to 22 percent, up significantly from eight percent at this time last year.
Operational Highlights
- During the first quarter, Pengrowth participated in drilling 113 gross (78 net) wells, 107 of which were cased for production with the remaining six used as water source wells or injectors.
- As part of our operated shallow gas program, Pengrowth drilled 52 (46.8 net) wells in the Jenner area. This program demonstrated our ability to achieve top quartile drilling efficiencies due to the size and scale of the program.
- Pengrowth licensed additional Beaverhill Lake formation locations in our Judy Creek/Swan Hills trend. We continue to remain confident that the success experienced at our Carson Creek property can be expanded to our broader suite of assets.
- Two successful wells drilled in Deer Mountain tested our thesis that tighter Beaverhill Lake formation reservoir rock and platform plays can be exploited through the application of horizontal drilling and multi-stage fracing technology. Early results are encouraging.
"We are pleased with how our work plans have been unfolding as we continue to execute on our strategy agenda" said Derek Evans Pengrowth's President and Chief Executive Officer. "Our efforts are moving us towards our ultimate goal of transforming Pengrowth from an income trust to a growth oriented oil and gas operating company. It is certainly an exciting time in our history".
Summary of Financial and Operating Results
Three Months ended
(monetary amounts in
thousands,
except per unit March 31, December 31, March 31,
amounts) 2010 2009 %Change 2009 %Change
----------------------------------------------------------------------------
STATEMENT OF INCOME
Oil and gas sales $ 358,131 $ 359,296 - $ 322,973 11
Net income (loss) $ 108,816 $ 50,523 115 $ (54,232) 301
Net income (loss)
per trust unit $ 0.37 $ 0.18 106 $ (0.21) 276
----------------------------------------------------------------------------
CASH FLOW
Cash flow from
operating
activities $ 146,736 $ 149,933 (2) $ 94,386 55
Cash flow from
Operating
activities per
trust unit $ 0.51 $ 0.53 (4) $ 0.37 38
Capital expenditures $ 63,636 $ 46,215 38 $ 73,060 (13)
Capital expenditures
per trust unit $ 0.22 $ 0.16 38 $ 0.28 (21)
Distributions
declared $ 61,037 $ 60,880 - $ 77,212 (21)
Distributions
declared per
trust unit $ 0.21 $ 0.21 - $ 0.30 (30)
Ratio of
distributions
declared over
cash flow from
operating
activities 42% 41% 82%
Weighted average
number of trust
units
outstanding (000's) 290,185 282,298 3 256,727 13
----------------------------------------------------------------------------
BALANCE SHEET(1)
Working capital
(deficiency) excess $ (51,042) $ (217,007)(2) (76) $ 19,580 (361)
Property, plant and
equipment $ 3,678,304 $ 3,789,369 (3) $4,176,188 (12)
Long term debt $ 1,007,072 $ 907,599 11 $1,657,897 (39)
Trust unitholders'
equity $ 2,851,562 $ 2,795,201 2 $2,544,907 12
Trust unitholders'
equity per trust
unit $ 9.81 $ 9.64 2 $ 9.88 (1)
Currency (U.S.$/Cdn$)
(closing rate at
period end) $ 0.9844 $ 0.9515 $ 0.7928
Number of trust
units outstanding
at period end
(000's) 290,760 289,835 - 257,515 13
----------------------------------------------------------------------------
AVERAGE DAILY PRODUCTION
Crude oil (bbls) 22,400 21,948 2 23,424 (4)
Heavy oil (bbls) 7,113 7,235 (2) 7,672 (7)
Natural gas (mcf) 220,640 232,682 (5) 236,232 (7)
Natural gas liquids
(bbls) 9,341 9,564 (2) 9,815 (5)
Total production (boe) 75,627 77,529 (2) 80,284 (6)
TOTAL PRODUCTION (mboe) 6,806 7,133 (5) 7,226 (6)
----------------------------------------------------------------------------
PRODUCTION PROFILE
Crude oil 30% 28% 29%
Heavy oil 9% 9% 10%
Natural gas 49% 50% 49%
Natural gas liquids 12% 13% 12%
----------------------------------------------------------------------------
AVERAGE REALIZED PRICES
(after commodity risk
management)
Crude oil (per bbl) $ 77.35 $ 75.79 2 $ 66.12 17
Heavy oil (per bbl) $ 65.91 $ 62.16 6 $ 34.31 92
Natural gas
(per mcf) $ 5.62 $ 5.45 3 $ 6.00 (6)
Natural gas liquids
(per bbl) $ 56.57 $ 54.52 4 $ 35.62 59
Average realized
price per boe $ 52.49 $ 50.35 4 $ 44.57 18
----------------------------------------------------------------------------
(1)Balance sheet amounts are at period end.
(2) Includes $157.5 million current portion of long term debt.
Pengrowth buys Monterey in $366-million deal
Eric Lam, Financial Post · Monday, Jul. 12, 2010
Calgary-based oil and gas company Pengrowth Corp., which administrates Pengrowth Energy Trust, said Monday it has agreed to acquire all outstanding shares of junior oil and gas outfit Monterey Exploration Ltd. in a non-cash deal worth about $366-million.
Under terms of the deal, shareholders of Monterey have the choice of either exchanging each of their shares for 0.83 Pengrowth trust units or 0.83 exchangeable shares of Pengrowth Corp. Each of these shares is exchangeable for one Pengrowth trust unit.
The price is equivalent to about $8.30 per common share of Monterey based on the 10-day average price of $10 per Pengrowth unit. The deal also includes the assumption of about $30-million in Monterey debt.
Monterey shareholders will get to vote on the deal at a meeting in September.
Pengrowth already owns about 18% of Monterey shares, which it had previously acquired for about $9-million in 2006.
Derek Evans, Pengrowth's chief executive, said the deal gives the company new access to the British Columbia natural gas market.
"Monterey's concentrated, Montney resource focused asset base in the Groundbirch area of northeast British Columbia will provide Pengrowth with a new core area with a deep inventory," he said in a release. "We believe now is the opportune time to take control of the Groundbirch development."
Montney is an unconventional gas play with expected 2010 and 2011 production of 6,000 barrels of oil equivalent a day (95% natural gas) and 10,000 boe/d respectively.
Read more: http://www.financialpost.com/Pengrowth+buys+Monterey+million…
Eric Lam, Financial Post · Monday, Jul. 12, 2010
Calgary-based oil and gas company Pengrowth Corp., which administrates Pengrowth Energy Trust, said Monday it has agreed to acquire all outstanding shares of junior oil and gas outfit Monterey Exploration Ltd. in a non-cash deal worth about $366-million.
Under terms of the deal, shareholders of Monterey have the choice of either exchanging each of their shares for 0.83 Pengrowth trust units or 0.83 exchangeable shares of Pengrowth Corp. Each of these shares is exchangeable for one Pengrowth trust unit.
The price is equivalent to about $8.30 per common share of Monterey based on the 10-day average price of $10 per Pengrowth unit. The deal also includes the assumption of about $30-million in Monterey debt.
Monterey shareholders will get to vote on the deal at a meeting in September.
Pengrowth already owns about 18% of Monterey shares, which it had previously acquired for about $9-million in 2006.
Derek Evans, Pengrowth's chief executive, said the deal gives the company new access to the British Columbia natural gas market.
"Monterey's concentrated, Montney resource focused asset base in the Groundbirch area of northeast British Columbia will provide Pengrowth with a new core area with a deep inventory," he said in a release. "We believe now is the opportune time to take control of the Groundbirch development."
Montney is an unconventional gas play with expected 2010 and 2011 production of 6,000 barrels of oil equivalent a day (95% natural gas) and 10,000 boe/d respectively.
Read more: http://www.financialpost.com/Pengrowth+buys+Monterey+million…
CALGARY, ALBERTA -- (Marketwire) -- 08/04/10 -- Pengrowth Corporation, administrator of Pengrowth Energy Trust (collectively "Pengrowth") (TSX: PGF.UN)(NYSE: PGH), is pleased to report Pengrowth's unaudited operating and financial results for the quarter ended June 30, 2010. All figures are in Canadian dollars unless otherwise stated.
Pengrowth's unaudited consolidated financial statements for the quarter ended June 30, 2010 and related Management's Discussion and Analysis can be accessed immediately on Pengrowth's website at www.pengrowth.com, and have been filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml.
Operational Highlights
- On July 12, 2010, subsequent to quarter end, Pengrowth and Monterey Exploration Ltd. announced they have entered into an arrangement to which Pengrowth will acquire all issued and outstanding common shares of Monterey not already owned by Pengrowth. The transaction is expected to close in mid-September. The transaction provides Pengrowth with significant exposure to the Montney gas play, one of the most economic unconventional gas plays in North America.
- Despite an extremely wet quarter, daily production averaged 75,517 barrels of oil equivalent (boe) per day, which was essentially flat to the first quarter at 75,627 boe per day.
- The second quarter operating expenses were $12.55 per boe, a decrease of seven percent when compared to first quarter operating expenses of $13.50 per boe. Operating expenses were positively impacted by lower subsurface repair costs and positive prior and current period adjustments. Full year operating expense guidance has been revised downward from $14.40 per boe to $14.05 per boe.
- The poor weather in the second quarter limited Pengrowth's drilling to 15 gross (8.3 net) wells; nine were cased for production and six are to be used as CO2 injection wells.
- The 2010 capital program guidance has been increased by $65 million to $350 million. The majority of the increase will be directed to drilling and related facility construction in the Monterey Groundbirch area.
- Pengrowth's operational teams continued to unearth unconventional opportunities on our land base with multiple new concepts tested in the Swan Hills trend during the quarter and drilling activity underway in the Cardium and Viking plays in the Garrington area.
Financial Highlights
- During the quarter, Pengrowth continued to live within cash flow. Cash flow before working capital changes exceeded the sum of capital expenditures and distributions by $57 million. The excess cash flow is earmarked for Pengrowth's expanded drilling and completions program in the second half of the year.
- In May, Pengrowth closed a U.S. $187 million offering of private placement notes in the United States. The notes were issued following the April maturity of U.S. $150 million of private placement debt.
- At the end of the second quarter, Pengrowth had no short term debt and $1.2 billion available on its committed bank facility.
- During the second quarter, Pengrowth finalized the legal aspects of its corporate conversion. Pengrowth intends to convert to a dividend paying corporation on or before January 1, 2011. With the availability of $2.7 billion of tax pools, the conversion will not result in corporate taxes that would reduce the amount available for distribution following conversion.
"The second quarter saw our teams continue to execute on our dual prong strategy of unearthing unconventional oil and gas resource plays on our own lands as well as continuing to evaluate acquisition opportunities that provide us with predictable and repeatable places to put the drill bit to work to create value for our unitholders" said Derek Evans Pengrowth's President and Chief Executive Officer. "I am delighted to report that we are making excellent progress on both fronts. The Monterey acquisition and our internal development work on the Cardium and Viking in Garrington and the Beaverhill Lake formation in the Swan Hills area are excellent examples of the progress we are making."
Pengrowth's unaudited consolidated financial statements for the quarter ended June 30, 2010 and related Management's Discussion and Analysis can be accessed immediately on Pengrowth's website at www.pengrowth.com, and have been filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml.
Operational Highlights
- On July 12, 2010, subsequent to quarter end, Pengrowth and Monterey Exploration Ltd. announced they have entered into an arrangement to which Pengrowth will acquire all issued and outstanding common shares of Monterey not already owned by Pengrowth. The transaction is expected to close in mid-September. The transaction provides Pengrowth with significant exposure to the Montney gas play, one of the most economic unconventional gas plays in North America.
- Despite an extremely wet quarter, daily production averaged 75,517 barrels of oil equivalent (boe) per day, which was essentially flat to the first quarter at 75,627 boe per day.
- The second quarter operating expenses were $12.55 per boe, a decrease of seven percent when compared to first quarter operating expenses of $13.50 per boe. Operating expenses were positively impacted by lower subsurface repair costs and positive prior and current period adjustments. Full year operating expense guidance has been revised downward from $14.40 per boe to $14.05 per boe.
- The poor weather in the second quarter limited Pengrowth's drilling to 15 gross (8.3 net) wells; nine were cased for production and six are to be used as CO2 injection wells.
- The 2010 capital program guidance has been increased by $65 million to $350 million. The majority of the increase will be directed to drilling and related facility construction in the Monterey Groundbirch area.
- Pengrowth's operational teams continued to unearth unconventional opportunities on our land base with multiple new concepts tested in the Swan Hills trend during the quarter and drilling activity underway in the Cardium and Viking plays in the Garrington area.
Financial Highlights
- During the quarter, Pengrowth continued to live within cash flow. Cash flow before working capital changes exceeded the sum of capital expenditures and distributions by $57 million. The excess cash flow is earmarked for Pengrowth's expanded drilling and completions program in the second half of the year.
- In May, Pengrowth closed a U.S. $187 million offering of private placement notes in the United States. The notes were issued following the April maturity of U.S. $150 million of private placement debt.
- At the end of the second quarter, Pengrowth had no short term debt and $1.2 billion available on its committed bank facility.
- During the second quarter, Pengrowth finalized the legal aspects of its corporate conversion. Pengrowth intends to convert to a dividend paying corporation on or before January 1, 2011. With the availability of $2.7 billion of tax pools, the conversion will not result in corporate taxes that would reduce the amount available for distribution following conversion.
"The second quarter saw our teams continue to execute on our dual prong strategy of unearthing unconventional oil and gas resource plays on our own lands as well as continuing to evaluate acquisition opportunities that provide us with predictable and repeatable places to put the drill bit to work to create value for our unitholders" said Derek Evans Pengrowth's President and Chief Executive Officer. "I am delighted to report that we are making excellent progress on both fronts. The Monterey acquisition and our internal development work on the Cardium and Viking in Garrington and the Beaverhill Lake formation in the Swan Hills area are excellent examples of the progress we are making."
CALGARY, ALBERTA -- (Marketwire) -- 10/20/10 -- Pengrowth Corporation (the "Corporation"), administrator of Pengrowth Energy Trust (the "Trust" and collectively with the Corporation, "Pengrowth") (TSX: PGF.UN) (NYSE: PGH) is pleased to announce that its Board of Directors has approved the conversion ("Conversion") of the Trust to a new dividend paying corporation to be known as Pengrowth Corporation ("New Pengrowth"). Subject to receipt of all necessary approvals, the Conversion is expected to be completed on December 31, 2010 pursuant to a plan of arrangement under the Business Corporations Act (Alberta).
New Pengrowth will remain focused on maintaining a diversified asset base balanced between liquids and natural gas production and will be committed to maintaining its emphasis on operating high quality, low cost, low risk properties, delivering superior returns to shareholders and continuing to ensure financial strength and flexibility.
Special Meeting of Securityholders
A special meeting of holders of trust units ("Trust Units") and exchangeable shares of Pengrowth ("Securityholders") will be held on Thursday, December 16, 2010 to vote on the proposed arrangement. The record date for the special meeting will be November 1, 2010.
Dividend Policy Post-Conversion
New Pengrowth initially expects to pay a monthly dividend of $0.07 per share which is the same amount that the Trust is paying today as a distribution on its Trust Units. Dividends are expected to be paid on the 15th or next business day of each month. Actual future dividend levels will be subject to the discretion of the Board of Directors and may vary depending on a variety of factors and conditions existing from time-to-time, including fluctuations in commodity prices, production levels, capital expenditure requirements, operating costs, royalty burdens and foreign exchange rates.
It is anticipated that taxable investors in Canada will benefit from the enhanced dividend tax credit post-Conversion compared to the taxation of distributions currently received from the Trust. The more favourable tax treatment afforded to the receipt of dividends, as compared to distributions of income from a trust under current Canadian tax laws, may result in more attractive after-tax returns for certain taxable Canadian investors, depending on individual circumstances.
In the U.S., Pengrowth's distributions are already classified as "Qualified Dividends" and are expected to continue to be treated as such after Conversion. However, following the Conversion, the withholding tax rate will decrease from 15 percent to zero for U.S. shareholders of New Pengrowth who hold their New Pengrowth shares in non-taxable accounts.
It is strongly advised that all Securityholders consult a tax advisor to discuss individual taxation implications of the Conversion.
Tax Pools
With approximately $2.7 billion of tax pools as of June 30, 2010, the Conversion is not expected to immediately result in any new corporate income taxes that would reduce the amount of cash on hand available for the payment of dividends. Pengrowth currently expects, based upon current tax legislation, anticipated capital spending, and economic conditions, that it will not be required to pay any income tax until after 2014.
"Pengrowth's conversion to a corporation will allow Pengrowth to continue to pursue its long term goal of maximizing value creation by focusing on its short and medium term inventory of low cost, low risk resource plays that have the ability to enhance reserves and production" said Derek Evans, Pengrowth's President and Chief Executive Officer. "Pengrowth will continue to be managed by the same experienced team and I remain confident in our ability to deliver strong returns to our shareholders post conversion."
Board of Directors
The initial Board of Directors of New Pengrowth will be comprised of all of the current elected members of the Board of Directors of Pengrowth. "I'd like to take this opportunity to thank Pengrowth's Founder, Mr. James S. Kinnear on behalf of the Board of Directors, the entire Pengrowth team, and all the unitholders for his visionary leadership and outstanding contribution to Pengrowth and the whole royalty trust sector over the last 20 years and for establishing the Pengrowth name in the community" said Mr. John B. Zaozirny, Chairman of the Board of Pengrowth Corporation. "I would also like to thank Mr. Nicholas C.H. Villiers for his role on the Pengrowth Board over the past three years and his commitment to continue to create value for unitholders."
Conversion Process
Pursuant to the Conversion, Securityholders will receive one common share of New Pengrowth for each Trust Unit held. Holders of exchangeable shares will receive a portion of a common share of New Pengrowth to be determined based on the exchange ratio determined immediately prior to the exchange. The exchange of Trust Units and exchangeable shares for Common Shares is expected to occur on a tax-deferred basis for Canadian federal income tax purposes.
The Conversion will not trigger any change of control or other termination payments pursuant to any employment agreements or arrangements with Pengrowth. The Conversion will not trigger the automatic vesting of, nor will it result in any re-pricing of, outstanding rights or deferred entitlement units.
The details of the Conversion will be set out in an information circular anticipated to be mailed to Securityholders in mid-November 2010. In addition to Securityholder approval, the Conversion is subject to receipt of all necessary regulatory, stock exchange and Court approvals.
November 16, 2010 Cash Distribution
Pengrowth today announces that its November 16, 2010 cash distribution will be Cdn $0.07 per trust unit. The distribution is net of amounts withheld to finance capital expenditures and preserve financial flexibility. The ex-distribution date is October 27, 2010. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of October 29, 2010.
The distribution of Cdn $0.07 per trust unit is equivalent to approximately U.S. $0.0684 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9774. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. Cash distributions paid over the past 12 months now total Cdn $0.84 per trust unit or approximately U.S. $0.81 per trust unit.
Hedging Update
Pengrowth would also like to provide an update on its commodity risk management program. The following table provides an update on Pengrowth's current hedge positions for the 2010, 2011 and 2012 calendar years. Pengrowth's hedging policy intends to ensure cash flow certainty for its capital and distribution programs.
Natural Gas Year Hedged Volumes Price
(Mcf/day) (CDN/Mcf)
-------------------------------------------------------------
2010 102,151 $ 6.14
2011 50,021 $ 5.72
2012 - -
Crude Oil Year Hedged Volumes Price
(Bbls/day) (CDN/Bbl)
-------------------------------------------------------------
2010 12,500 $ 82.09
2011 12,000 $ 87.87
2012 4,000 $ 90.77
Year Hedged Price
Power Purchases Volumes (MW) (CDN/MWh)
-------------------------------------------------------------
2010 20 $ 47.66
2011 25 $ 46.34
2012 - -
New Pengrowth will remain focused on maintaining a diversified asset base balanced between liquids and natural gas production and will be committed to maintaining its emphasis on operating high quality, low cost, low risk properties, delivering superior returns to shareholders and continuing to ensure financial strength and flexibility.
Special Meeting of Securityholders
A special meeting of holders of trust units ("Trust Units") and exchangeable shares of Pengrowth ("Securityholders") will be held on Thursday, December 16, 2010 to vote on the proposed arrangement. The record date for the special meeting will be November 1, 2010.
Dividend Policy Post-Conversion
New Pengrowth initially expects to pay a monthly dividend of $0.07 per share which is the same amount that the Trust is paying today as a distribution on its Trust Units. Dividends are expected to be paid on the 15th or next business day of each month. Actual future dividend levels will be subject to the discretion of the Board of Directors and may vary depending on a variety of factors and conditions existing from time-to-time, including fluctuations in commodity prices, production levels, capital expenditure requirements, operating costs, royalty burdens and foreign exchange rates.
It is anticipated that taxable investors in Canada will benefit from the enhanced dividend tax credit post-Conversion compared to the taxation of distributions currently received from the Trust. The more favourable tax treatment afforded to the receipt of dividends, as compared to distributions of income from a trust under current Canadian tax laws, may result in more attractive after-tax returns for certain taxable Canadian investors, depending on individual circumstances.
In the U.S., Pengrowth's distributions are already classified as "Qualified Dividends" and are expected to continue to be treated as such after Conversion. However, following the Conversion, the withholding tax rate will decrease from 15 percent to zero for U.S. shareholders of New Pengrowth who hold their New Pengrowth shares in non-taxable accounts.
It is strongly advised that all Securityholders consult a tax advisor to discuss individual taxation implications of the Conversion.
Tax Pools
With approximately $2.7 billion of tax pools as of June 30, 2010, the Conversion is not expected to immediately result in any new corporate income taxes that would reduce the amount of cash on hand available for the payment of dividends. Pengrowth currently expects, based upon current tax legislation, anticipated capital spending, and economic conditions, that it will not be required to pay any income tax until after 2014.
"Pengrowth's conversion to a corporation will allow Pengrowth to continue to pursue its long term goal of maximizing value creation by focusing on its short and medium term inventory of low cost, low risk resource plays that have the ability to enhance reserves and production" said Derek Evans, Pengrowth's President and Chief Executive Officer. "Pengrowth will continue to be managed by the same experienced team and I remain confident in our ability to deliver strong returns to our shareholders post conversion."
Board of Directors
The initial Board of Directors of New Pengrowth will be comprised of all of the current elected members of the Board of Directors of Pengrowth. "I'd like to take this opportunity to thank Pengrowth's Founder, Mr. James S. Kinnear on behalf of the Board of Directors, the entire Pengrowth team, and all the unitholders for his visionary leadership and outstanding contribution to Pengrowth and the whole royalty trust sector over the last 20 years and for establishing the Pengrowth name in the community" said Mr. John B. Zaozirny, Chairman of the Board of Pengrowth Corporation. "I would also like to thank Mr. Nicholas C.H. Villiers for his role on the Pengrowth Board over the past three years and his commitment to continue to create value for unitholders."
Conversion Process
Pursuant to the Conversion, Securityholders will receive one common share of New Pengrowth for each Trust Unit held. Holders of exchangeable shares will receive a portion of a common share of New Pengrowth to be determined based on the exchange ratio determined immediately prior to the exchange. The exchange of Trust Units and exchangeable shares for Common Shares is expected to occur on a tax-deferred basis for Canadian federal income tax purposes.
The Conversion will not trigger any change of control or other termination payments pursuant to any employment agreements or arrangements with Pengrowth. The Conversion will not trigger the automatic vesting of, nor will it result in any re-pricing of, outstanding rights or deferred entitlement units.
The details of the Conversion will be set out in an information circular anticipated to be mailed to Securityholders in mid-November 2010. In addition to Securityholder approval, the Conversion is subject to receipt of all necessary regulatory, stock exchange and Court approvals.
November 16, 2010 Cash Distribution
Pengrowth today announces that its November 16, 2010 cash distribution will be Cdn $0.07 per trust unit. The distribution is net of amounts withheld to finance capital expenditures and preserve financial flexibility. The ex-distribution date is October 27, 2010. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of October 29, 2010.
The distribution of Cdn $0.07 per trust unit is equivalent to approximately U.S. $0.0684 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9774. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. Cash distributions paid over the past 12 months now total Cdn $0.84 per trust unit or approximately U.S. $0.81 per trust unit.
Hedging Update
Pengrowth would also like to provide an update on its commodity risk management program. The following table provides an update on Pengrowth's current hedge positions for the 2010, 2011 and 2012 calendar years. Pengrowth's hedging policy intends to ensure cash flow certainty for its capital and distribution programs.
Natural Gas Year Hedged Volumes Price
(Mcf/day) (CDN/Mcf)
-------------------------------------------------------------
2010 102,151 $ 6.14
2011 50,021 $ 5.72
2012 - -
Crude Oil Year Hedged Volumes Price
(Bbls/day) (CDN/Bbl)
-------------------------------------------------------------
2010 12,500 $ 82.09
2011 12,000 $ 87.87
2012 4,000 $ 90.77
Year Hedged Price
Power Purchases Volumes (MW) (CDN/MWh)
-------------------------------------------------------------
2010 20 $ 47.66
2011 25 $ 46.34
2012 - -
Antwort auf Beitrag Nr.: 40.363.402 von R-BgO am 21.10.10 09:35:24
03.12.2010 00:08
Pengrowth Announces Its November 2010 Exchangeable Shares Exchange Ratio
CALGARY, ALBERTA -- (Marketwire) -- 12/02/10 -- Pengrowth Corporation, administrator of Pengrowth Energy Trust (collectively "Pengrowth") (TSX: PGF.UN) (NYSE: PGH) today announced its increase to the exchangeable share ratio from 1.01221 to 1.01757. Such increase will be effective December 15, 2010.
The following are the details on the calculation of the exchange ratio:
----------------------------------------------------------------------------
10 Day Effective
Weighted Date of Exchange
Average Increase Increase Ratio as
Record Date Opening Pengrowth Trading in in of
of Pengrowth Exchange Distribution Price of Exchange Exchange Effective
Distribution Ratio per Unit PGF.un(1) Ratio(2) Ratio Date
----------------------------------------------------------------------------
----------------------------------------------------------------------------
01-Dec-10 1.01221 $0.07 $13.22 0.005360 15-Dec-10 1.01757
----------------------------------------------------------------------------
(1) 10 day weighted average trading price of PGF.un on the Toronto Stock
Exchange as of December 1, 2010
(2) The increase in the exchange ratio is calculated by multiplying the
distribution per unit by the opening exchange ratio and dividing by the
10 day weighted average price of PGF.un on the Toronto Stock Exchange.
(Distribution per Unit
Increase in Exchange Ratio = x Opening Exchange Ratio)
-------------------------------
10 Day Weighted Average Price
In order to qualify to receive the increase in exchange ratio, the holder of the Pengrowth exchangeable shares must hold the exchangeable shares until the effective date of the increase in exchange ratio, in this case December 15, 2010. A holder of Pengrowth exchangeable shares can exchange their holdings into Pengrowth Energy Trust units at any time by giving notice to their investment advisor or Computershare Investor Services at 1-800-564-6253 or www.computershare.com.
Pengrowth Announces Its November 2010 Exchangeable Shares Exchange Ratio
CALGARY, ALBERTA -- (Marketwire) -- 12/02/10 -- Pengrowth Corporation, administrator of Pengrowth Energy Trust (collectively "Pengrowth") (TSX: PGF.UN) (NYSE: PGH) today announced its increase to the exchangeable share ratio from 1.01221 to 1.01757. Such increase will be effective December 15, 2010.
The following are the details on the calculation of the exchange ratio:
----------------------------------------------------------------------------
10 Day Effective
Weighted Date of Exchange
Average Increase Increase Ratio as
Record Date Opening Pengrowth Trading in in of
of Pengrowth Exchange Distribution Price of Exchange Exchange Effective
Distribution Ratio per Unit PGF.un(1) Ratio(2) Ratio Date
----------------------------------------------------------------------------
----------------------------------------------------------------------------
01-Dec-10 1.01221 $0.07 $13.22 0.005360 15-Dec-10 1.01757
----------------------------------------------------------------------------
(1) 10 day weighted average trading price of PGF.un on the Toronto Stock
Exchange as of December 1, 2010
(2) The increase in the exchange ratio is calculated by multiplying the
distribution per unit by the opening exchange ratio and dividing by the
10 day weighted average price of PGF.un on the Toronto Stock Exchange.
(Distribution per Unit
Increase in Exchange Ratio = x Opening Exchange Ratio)
-------------------------------
10 Day Weighted Average Price
In order to qualify to receive the increase in exchange ratio, the holder of the Pengrowth exchangeable shares must hold the exchangeable shares until the effective date of the increase in exchange ratio, in this case December 15, 2010. A holder of Pengrowth exchangeable shares can exchange their holdings into Pengrowth Energy Trust units at any time by giving notice to their investment advisor or Computershare Investor Services at 1-800-564-6253 or www.computershare.com.
Antwort auf Beitrag Nr.: 40.637.430 von R-BgO am 03.12.10 06:33:21Pengrowth Energy (PGH) Completes Conversion to Corporation
January 3, 2011 7:28 AM EST
Pengrowth Energy Corporation (NYSE: PGH) announced that they have completed conversion from an income trust to a corporation.
On December 31, 2010, Pengrowth's exchangeable shareholders received 1.02308 common shares of Pengrowth Energy Corporation for each exchangeable share held.
As of today's date, Pengrowth Energy Corporation has approximately 326,024,040 common shares issued and outstanding.
January 3, 2011 7:28 AM EST
Pengrowth Energy Corporation (NYSE: PGH) announced that they have completed conversion from an income trust to a corporation.
On December 31, 2010, Pengrowth's exchangeable shareholders received 1.02308 common shares of Pengrowth Energy Corporation for each exchangeable share held.
As of today's date, Pengrowth Energy Corporation has approximately 326,024,040 common shares issued and outstanding.
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