Petroleum Development (PETD +2.1%) gains after being initiated with a Buy at Brean Murray. The...

|By:, SA News Editor

Petroleum Development (PETD +2.1%) gains after being initiated with a Buy at Brean Murray. The firm says results from the driller's Wattenburg and Marcellus fields continue to improve, and recent non-core divestitures will give the company the cash it needs to fund further development and expand margins.