BMO Capital Markets sees "significant upside potential" in PDC Energy (PDCE +6%) given its...

|About: PDC Energy, Inc. (PDCE)|By:, SA News Editor

BMO Capital Markets sees "significant upside potential" in PDC Energy (PDCE +6%) given its Niobrara resource potential and Utica exploration option, even though shares aren't cheap. BMO notes PDC's 103K net acres in the Wattenberg has enough valuation upside to drive share outperformance and PDC has more than enough inventory to focus efforts on it.