Pengrowth Energy Trust (PGH)

[Teflon2Insults]

I believe this very frustrating to understand stock became much much safer in all regards as it cleared and eliminated all real debt (yes it has @500M left, but with limited amount due soon and really not an unreasonable amount for a Co of this size....(and it has a lot of unused credit line). I thought the risk here was how attractive it would be for a creditor to take it over considering the asset base.

It sure may not be positioned to make a lot (although if/when ol spikes it can) but I really believe is maligned considering its assets - including natural gas diversity.

It even has a reasonable institutional base - and a deep pocket supporter or two - STeve Schulich most noteably.

My main concern - That it doesn't care an gets delisted for NYSE.... a real possibility. It would still be on Toronto exchange (which is a real exchange). I really would like to see a strong reverse split - say 1 for 10 - as the negativity toward low priced stocks adds to its lack of support. (And in reality - many institutions/ etc have restraints that they can not invest in anything under like $5....and 1 for 10 somehow magically makes it more valuable to them! (Stock splits - forward or back do not effect value really at all....same pie different sized pieces).