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Pengrowth Energy Trust (PGH) [hlAlert]

Rating:
Underweight
PGH
up 740.47 %

Pengrowth Energy Trust (PGH) downgraded to Underweight by Barclays Capital

Posted on: Wednesday,  Jan 11, 2012  12:25 PM ET by Barclays Capital

Barclays Capital rated Underweight Pengrowth Energy Trust (NYSE: PGH) on 01/11/2012. Previously Barclays Capital rated
Equal Weight Pengrowth Energy Trust (NYSE: PGH) on 11/18/2011., when the stock price was $10.08. Since then, Pengrowth Energy Trust has gained 5.06% as of 01/11/2012's recent price of $10.59.

Pengrowth Energy Trust (the Trust) is a Canada-based open-end investment trust. The purpose of the Trust is to directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments in securities, royalty units, net profits interests and notes issued by subsidiaries of the Trust. The activities of Pengrowth Corporation (the Corporation) and its subsidiaries are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt. The Trust owns all of the royalty units and 91% of the common shares of the Corporation. Pengrowth Management Limited is the Trust?s investment manager.

Barclays Capital has assembled a world-class, award-winning team of analysts covering, credit, commodities, economics, emerging markets, equities, fixed income, foreign exchange and market strategy. We provide in-depth analysis of companies and macro coverage across asset classes, markets and the world’s economies. We have a highly quantitative approach and our research is underpinned by sophisticated analytics. Combined, these provide clients with the tools and insights necessary for successful risk management and financing. Our research teams are based in many of the world’s major financial centres providing our clients with a globally integrated perspective across products and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/11/2012 12:25 PM Sell
None
10.59
as of 12/31/2012
1 Week down  -1.01 %
1 Month up  3.49 %
3 Months up  26.26 %
1 YTD up  53.06 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/18/2011 12:25 PM None
None
10.08

(*) Stock Price at the time of the recommendation.
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