PDC Energy, Inc. (NASDAQ:PDCE) is an independent oil and natural gas small cap (~$2.2 billion) company focused on achieving organic production growth by exploiting the Wattenberg Field and Utica shale. The company's efforts at optimizing margins through efficient drilling operations and sound well management are yielding strong results. PDC has decided to prioritize liquids-rich production in the Wattenberg and Utica shale plays over dry-gas production in the Marcellus. As a result, the company will increase shareholder value by growing production, reserves, and cash flow per share. Shares should gain 30% over the next year, while a takeover could see shares jump 50%.
At a recent presentation at the Credit Suisse Shale Symposium, PDC showed a slide that nicely...
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