The Canadian divestiture market is stronger now than it has been in two years, according to Pengrowth CEO Derek Evans. The company plans further asset sales this year following the completion of $50 million in divestitures in 2016 and the $250 million January sale of a 4.0% royalty on its Lindbergh SAGD thermal oil project to PrairieSky Royalty, increasing its cash position to $530 million. During 2016, the company reduced its total debt by......
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