Friday once again was a letdown for those who had hoped that Dow 20,000 would happen at some point during the week. Stocks gained slightly, but the Dow’s rise was limited to 15 points, leaving it 66 points shy of the fabled milestone.
Category: Pengrowth Energy Trust
Pengrowth Energy Corp Is Edging Away From Financial Disaster
Unless commodity prices dramatically improve, the company would not remain in compliance with certain of its financial covenants in the second half of 2017. Because of this situation, the company needed to find a solution to avoid a disaster.