PDC Energy (NASDAQ:PDCE) has done alright since January of this year,
even though concerns remain about the quality of the company's acreage
and opportunity in the Utica. These shares have risen about 15% over
that span - not bad relative to the group (as measured by the EPX), but
inferior to other Wattenberg operators like Bonanza Creek Energy (NYSE:BCEI) and Synergy Resources (NYSEMKT:SYRG) and more diversified operators like Whiting (NYSE:WLL).
While these shares still appear to be undervalued, concerns about
rising unit LOEs, litigation, and inconsistent Utica drilling results
may all remain as headwinds and/or risk factors for the shares.
Continue reading here:
Concerns About The Utica Weighing On PDC Energy's Share Price
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