PDC Energy (NASDAQ:PDCE) is a Colorado-based mid-cap (~$2 billion) oil and gas producer whose primary asset is a core leasehold in the Wattenberg field. The company also has acreage in the Utica Shale. With the advantages of a very strong 2015 hedge book and the majority of acreage held by production, PDCE was one of the very few E&P stocks to not only be up last year, but also up over 25%. That is quite impressive considering the crash in oil and gas prices along with the vast majority of energy-related equities. Will 2016 be a repeat performance for PDC?
My first article on PDCE (see PDCE: Undervalued And Ripe For A Takeover) in May of 2014
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