Legendary Stampede party left in the dust

ByAlbert Alfonso:On March 1, 2013, Pengrowth Energy (PGH) reported its Q4 and full-year results.

ByAlbert Alfonso:Pengrowth Energy (PGH) has to be the most frustrating stock I own. During most of 2012, Pengrowth was trading in lockstep with the price of natural gas and oil. However, this is no longer the case. Since mid-September, Pengrowth has see it share price steadily decline, from about $7.00 to its current price at under $4.00. Pengrowth currently offers a monthly dividend of $0.04 per share.

ByAlbert Alfonso:Pengrowth Energy (PGH) remains one of the more undervalued energy stocks out there. Not only does it trade at a massive discount to its net asset value, but it also offers a large monthly dividend of $0.04 per share. Per year, this dividend is $0.48 per share and would make Pengrowth yield about 9.40% at current prices. (click to enlarge)

ByAlbert Alfonso:Q1 2013 has been a roller coaster ride for Pengrowth Energy (PGH). After briefly falling under $4.00 per share in late February, Pengrowth saw its stock surge nearly 30% in March.

ByAlbert Alfonso:Pengrowth Energy Corporation (PGH) is a Canadian energy company primarily located in western Canada. Pengrowth was previously a Canadian Royalty Trust with a historically high monthly dividend.

ByAlbert Alfonso:Pengrowth Energy Corporation (PGH) is a Canadian energy company primarily located in western Canada. Pengrowth was previously a Canadian Royalty Trust with a historically high monthly dividend. In 2011 Pengrowth converted its corporate structure from an energy trust to a corporation.Below is the company description provided by Reuters:

By Zvi Bar:Last week, Pengrowth Energy Corporation (PGH) reported its results for the fourth quarter and its year-end reserve rates. Shares of Pengrowth have been in a state of continued decline for several months, but spiked up after reporting a strong increase in reserves and a continued commitment to maintain its dividend. Recent declines may have marked a bottom for the company and a strong long-term buying opportunity.

By Zvi Bar:Last week, Pengrowth Energy Corporation (PGH) announced it is suspending its Premium Dividend program, effective with the December 17, 2012 payment.