SOURCE: The Bedford Report

The Bedford Report

July 07, 2011 08:16 ET

Soaring Profits Lead to Larger Dividends From SeaDrill and Pengrowth

The Bedford Report Provides Equity Research on SeaDrill and Pengrowth Energy

NEW YORK, NY--(Marketwire - Jul 7, 2011) - Companies in the Oil & Gas Drilling & Exploration sector have posted surging top lines in recent quarters as global oil consumption continues to grow. With profits on the upswing, several explorers have begun boosting dividend payments. The Bedford Report examines the outlook for companies in the Oil & Gas Sector and provides equity research on SeaDrill Ltd. (NYSE: SDRL) and Pengrowth Energy Corporation (NYSE: PGH) (TSX: PGF). Access to the full company reports can be found at:

www.bedfordreport.com/SDRL

www.bedfordreport.com/PGH

The US drilling sector will need to work through new safety and environmental regulations that arose out of last year's Gulf of Mexico oil spill. While acquiring permits was initially difficult, the US government has recently released a new, more-efficient, application process that should make the sector's battle a little easier.

In Canada, Regulation of the oil and gas sector is designed to protect drinking water and water quality in lakes and streams. The specific regulations vary between jurisdictions but in all cases, Canadian shale gas production always isolates and protects drinking water from gas operations.

The Bedford Report releases investment research on the Oil and Gas Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

SeaDrill Limited is an offshore drilling contractor, providing offshore drilling services to the oil and gas industries worldwide. SeaDrill pays one of the heftiest dividends in the Offshore Drilling industry. Presently, the company pays an annual dividend of $2.80 for a yield of around 8.5 percent.

Presently, Pengrowth pays an annual dividend of 85 cents a share for a yield of around 6.8 percent. Last month the company said it shut in a portion of its Judy Creek field in northern Alberta after one of its smaller pipelines ruptured. Pengrowth said it has shut in about 3,000 barrels per day because of the line breach.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.bedfordreport.com/disclaimer.

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