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Stocks in play: Pengrowth Energy Corporation

Baystreet.ca

Today reported its results for the three months ended March 31, 2019. Increased adjusted funds flow by 122% year-over-year to $16.0 million through Pengrowth's leaner cost structure which resulted in a 36% decrease in Cash G&A expenses per boe year-over-year. A 20% year-over-year increase in Lindbergh SAGD bitumen production to 18,193 barrels per day ("bbl/d") in the first quarter compared with 15,118 bbl/d for the same period in the prior year. Pengrowth Energy Corporation shares T.PGF are trading down $0.01 at $0.55.