Pengrowth's earnings
Pengrowth recently came out with it's fourth quarter and annual results.So Pengrowth now has some new earnings per shares figures.Qtrade and other brokerages show earnings per share at $.03 for the year and the price/earnings ratio as at 182. HoweverPengrowth shows it's free cash flow as$539 million for 2012;funds flow for the fourth quarter was $190 million .These figures are not strictly comparable with Qtrades as Qtrades include depreciation and interest and taxes.But this is such a dramatic difference in figures.As the Pengrowth figures amount to cash flow per share of about$1.60 for the year and for the quarter about $.37 per share,for a price/earnings ratio of less than 3.50.However Pengrowth will have some large impairment charges.Nevertheless Pengrowth's earnings per share should be closer to $1.03 than $.03 per share..

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