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Pengrowth Energy Trust Announces First Quarter 2008 Results
- Article from:
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CCNMatthews Newswire
- Article date:
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May 6, 2008
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Copyright informationCopyright 2008 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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CALGARY, ALBERTA--(Marketwire - May 6, 2008) - Pengrowth
Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN)
(NYSE:PGH) (collectively "Pengrowth"), is pleased to announce the
interim unaudited operating and financial results for the three
month period ended March 31, 2008.
Pe
ngrowth reported a net loss of $56.6 million ($0.23 per trust
unit) in the first quarter of 2008 compared to a net loss of $3.7
million in the fourth quarter of 2007 ($0.01 per trust unit) and
$69.8 million ($0.29 per trust unit) in the same period last year.
The net loss is due primarily to unreali
zed mark-to-market losses on
commodity risk management contracts of $165.7 million and unrealized
foreign ...