Welcome to Progress Energy Trust
Progress Energy Trust ("Progress") is a natural gas weighted exploration and production trust based in Calgary, Alberta, Canada. The Trust has a market capitalization of approximately $1.2 billion.
Current Distribution
$0.10/trust unit for September, 2008 Record Date
September 30, 2008 Ex-distribution Date
September 26, 2008 Payable Date
October 15, 2008 |
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Progress represents a new breed of trust where the technical oil and gas expertise is employed within the trust. Operations are primarily focused in the highly prospective foothills and plains of northeast British Columbia and the Deep Basin of northwest Alberta.
Progress is targeting sustainable reserves and production per trust unit through the utilization of its technical capability and capital investment efficiencies. Production is expected to be maintained or modestly grown through the reinvestment of approximately 50% of cash flows while distributing the balance to unitholders monthly.
Progress Energy Trust is listed on the Toronto Stock Exchange under the symbol PGX.UN. Exchangeable Shares of Progress Energy Ltd. trade under the symbol PGE. Convertible Debentures trade under the symbol PGX.DB and PGX.DB.A.
