10 Best Oil Stocks To Buy For 2016

10 Best Oil Stocks To Buy For 2016: Pengrowth Energy Corp (PGH)

Pengrowth Energy Corporation (Pengrowth) is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan, Ontario and Nova Scotia. The Companys producing properties include Lindbergh, Swan Hills Area, Greater Olds/Garrington Area and Southeast Saskatchewan. In February 2012, the Company commenced the injection of steam at its Lindbergh pilot project. On May 31, 2012, the Company acquired NAL Energy Corporation. In November 2012, the Company acquired additional Lochend Cardium assets with production capability of approximately 650 barrels of oil equivalent, weighted 95% to light oil. In March 2013, the Company completed the divestiture of its non-core Weyburn asset. Advisors' Opinion:

• [By Eric Volkman]

  The dividends continue to flow for investors in Canada's Pengrowth Energy (NYSE: PGH  ) . The company has declared its latest monthly distribution, which will be US$0.04 per share of its common stock, to be handed out on June 17 to shareholders of record as of May 23. That amount matches each of the company's preceding monthly dividends for calendar 2013.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/10-best-oil-stocks-to-buy-for-2016.html