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Pengrowth Energy Corp. (PGH) Is Rising After Reserve Update

Pengrowth Energy Corp. (PGH) provided an update of bitumen reserves and contingent resources for its Lindbergh project after the close Tuesday. The additional proved reserves at Lindbergh represent an increase of 24 percent from December 31, 2013, while 2P reserves increased by 61 percent. The stock is now up 0.40 on 17K shares.

Pengrowth Energy declined in late trade Tuesday and finished with a loss of 0.27 at $6.79. The stock dropped to a week and a half low.

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