This article was originally published by TheStreet on December 3, 2014
NEW YORK (TheStreet) -- When oil prices plummeted to their lowest levels in five years on Friday, Pengrowth Energy (PGH) took it on the chin. The small Canadian oil and gas producer, valued at $1.6 billion, saw its shares drop 17% during the week.
Investors may have overreacted, however. The Alberta-based company has attractive crude oil hedges, and its flagship project could start pumping oil as early as next month.
