PDC Energy (PDCE) Valuation Update - June 8

[dan_s]

Last but not least! PDC Energy is the last of the Sweet 16 that I need to update for increased oil and natural gas prices.

My valuation increases by $13 to $153.00.

PDC closed the Great Western Acquisition on May 6, 2022. It has a SIGNIFICANT increase on daily production, pushing PDC's free cash forecast over $2 billion for 2022 and puts the Company on pace to an exit rate of over 265,000 Boepd.

PCDE closed today at $83.49.

All 16 companies have now been updated.