PDC Energy (PDCE) Update - Jan 7

[dan_s]

Stifel on January 7, 2020:
PDC Energy (PDCE, $27.54, Buy; Target $54.00) - DJ Basin Driving Capital Efficient Growth and FCF - Michael S. Scialla
Following the upcoming close of the merger with SRC Energy, expected later this month, PDC Energy will become the second largest producer in the DJ Basin and, in our view, will offer investors one of the most compelling combinations of FCF yield and capital efficient growth in our mid-cap E&P universe