Major shareholder Seymour Schulich increased his holdings in Pengrowth Energy (OTCQX:PGHEF) shares to 165 million or nearly 30% of the outstanding shares. He is convinced of the asset value behind these shares and thinks that the company can overcome its debt issues. The Canadian billionaire has had his fair share of high profile investments over the years. Many fans are hoping that he wins his latest bet in Pengrowth Energy shares because the payoff could be huge from current prices.
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