Pengrowth Energy Corp.’s stock has more-or-less been on a downward slope for the past year. A 2012 dividend reduction did not help matters. But is the worst now over? Part of the answer will depend on management's ability to get the most out of the firm's assets. On that front, there are some encouraging signals. Insiders are buying following recent reports showing a quarter-over-quarter improvement in funds flow from operations. So far this month, 4 insiders at Pengrowth have spent $292,720 buying stock in the public market.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.