Pengrowth Energy Trust (PGH)

[benfrankledger]

The stock could drift quite a bit lower without some significant operational results. So it may not yet be at a buy point. Even though the stock has fallen quite a bit since coverage was initiated, it could still fall quite a bit more.

Any nibbles should be extremely small nibbles because this stock is still extremely risky. This management has quite a bit of work to do to convince the lenders and Mr. Market.

It may well be safer for the wallet to watch from the sidelines. This speculative stock is still quite dangerous. The stock at this point could be very rewarding. But it could also be very disappointing. I’ll post more as my opinion forms.