The concern for Pengrowth, which is same one many of its peers have, is that the company's balance sheet is still weighed down with a lot of debt. It's an issue the company is addressing via asset sales, with it setting a goal to sell $600 million in non-core assets this year. This is a path that several of its peers are taking, with Penn West Petroleum (NYSE: PWE) also relying heavily on asset sales to right its ship. Both companies have made solid progress, with Pengrowth already halfway toward its goal and clear line-of-sight to exceed it by year-end. Meanwhile, Penn West Petroleum just recently unloaded roughly $400 million in assets, which -- when combined with other sales -- have enabled the company to reduce its net debt by more than a third since the start of 2013.