The $707 million that Pengrowth Energy Corp. has grossed since late 2016 from four asset sales, combined with $287 million cash on hand, has helped it cut debt by almost 60% since YE16 to $1.15 billion. The company said in its Q1 report that the divestitures and associated delevering of its balance sheet will allow it to focus on its key core assets at Lindbergh and its producing Montney Groundbirch assets in British Columbia.......
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