Pengrowth Oil has been asset heavy in 2012.They made one sizeable asset disposition ,that in Weyburn,Saskatchewan.This one is for $315 million and will close at the end of March.In addition,Pengrowth replaced $385 million of short term debt with cheaper long term debt.However during 2012 it added 170 miilion new shares to help pay for NAL Oil and Gas.They intend to dispose of another $700 million of assets in 2013.This will help to clear up their balance sheet.$300 million of this new money will be used to develop their Lindberg heavy oil sands play.It could conceivably produce 6000 to 8000 barrels per day in 2013.A further idea is for Pengrowth to get rid of it's Sable Offshore Ptoject(it produces 1800 barrels per day).This would clean up a lot of debt that Pengrowth has inherited in 2012.
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