PDC Energy (PDCE) Valuation Update - June 8
Posted: Wed Jun 08, 2022 3:28 pm
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.
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.