PDC Energy: Significantly Undervalued And Ripe For A Takeover
- PDC Energy is the #3 player in the liquids-rich Wattenberg Field of Colorado where IRRs are in the neighborhood of 75%.
- PDC recently released new and improved type curves for wells in both the Wattenberg and Utica.
- PDC's reserves potential in the Wattenberg appear to be severely undervalued, leaving the company ripe for a takeover.
- Potential returns: 30% in 12 months based on growth in production, cash-flow, and reserves; 50% on a buyout.