Petroleum Development (PETD) -1.8% premarket after pricing its public offering of 6.5M shares at...

|By:, SA News Editor

Petroleum Development (PETD) -1.8% premarket after pricing its public offering of 6.5M shares at a 2.8% discount to its Tuesday closing price. The offering, intended in part to finance the purchase of assets in Colorado's Wattenberg oil and gas field, priced at $26.50/share.