PDC Energy (PDCE) Update - Sept 4

[dan_s]

An Intrinsic Calculation For PDC Energy, Inc. (NASDAQ:PDCE) Suggests It's 32% Undervalued
Simply Wall St.September 4, 2019

"Today we'll do a simple run through of a valuation method used to estimate the attractiveness of PDC Energy, Inc. (NASDAQ:PDCE) as an investment opportunity by taking the expected future cash flows and discounting them to today's value. I will be using the Discounted Cash Flow (DCF) model. Don't get put off by the jargon, the math behind it is actually quite straightforward. We generally believe that a company's value is the present value of all of the cash it will generate in the future."

Read more: https://finance.yahoo.com/news/intrinsi ... 09670.html

Note that the article doesn't mention the upcoming merger with SRC Energy, which will add even more future cash flows.

My valuation of PDCE is $58/share.