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News Breaks
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December 22, 2011
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| 08:36 EDT |  | PETD |
| theflyonthewall.com: | PDC Energy FY12 CapEx is expected to be approximately $284M | | PDC's capital budget for 2012 is expected to be approximately $284M. The budget includes $198 million of development capital, 85% of which will be invested in the Wattenberg Field of Colorado for an expanded horizontal Niobrara drilling program, refracs and recompletes, and non-operated projects, and $86 million for investment in acquisitions, exploration, leasehold, and miscellaneous expenditures. The capital budget includes a total of 266 drilling, completion and refrac/recompletion projects. :theflyonthewall.com |
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May 17, 2012
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| 07:23 EDT |  | PETD |
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May 16, 2012
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| 05:58 EDT |  | PETD |
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May 14, 2012
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| 10:24 EDT |  | PETD |
| theflyonthewall.com: | On The Fly: Analyst Upgrade Summary | | Today's noteworthy upgrades include: Arch Coal (ACI) upgraded to Buy from Neutral at UBS... Ares Capital (ARCC) upgraded to Equal Weight from Underweight at Barclays... Career Education (CECO) upgraded to Market Perform from Underperform at BMO Capital... Citi Trends (CTRN) upgraded to Outperform from Market Perform at Wells Fargo... Louisiana Pacific (LPX) upgraded to Outperform from Sector Perform at RBC Capital... McDermott (MDR) upgraded to Overweight from Neutral at JPMorgan... NetSuite (N) upgraded to Conviction Buy from Buy at Goldman... PDC Energy (PETD) upgraded to Buy from Hold at Canaccord... St. Jude Medical (STJ) upgraded to Buy from Neutral at Goldman... Teradata (TDC) upgraded to Overweight from Equal Weight at Barclays... Ultimate Software (ULTI) upgraded to Buy from Sell at Goldman... Vertex Pharmaceuticals (VRTX) upgraded to Overweight from Neutral at JPMorgan... Pulte Group (PHM) upgraded to Buy from Neutral at Guggenheim... Ryland Group (RYL) upgraded to Buy from Sell at Guggenheim... Toll Brothers (TOL) upgraded to Buy from Neutral at Guggenheim... NVIDIA (NVDA) upgraded to Average from Below Average at Cari. :theflyonthewall.com |
| | 06:29 EDT | | PETD |
| theflyonthewall.com: | PDC Energy files to sell 6.5M shares of common stock | | BofA Merrill Lynch, J.P. Morgan, and Wells Fargo Securities will act as joint book-runners for the offering. :theflyonthewall.com |
| | 06:21 EDT | | PETD |
| theflyonthewall.com: | PDC Energy executes agreement to acquire Core Wattenberg assets | | PDC Energy announced that the company has executed a definitive agreement to acquire Core Wattenberg assets that contain significant liquid-rich horizontal drilling opportunities from a private party for a purchase price of approximately $330.6M, subject to customary terms and adjustments. The effective date of the transaction is April 1 with closing currently scheduled for June 29, subject to customary closing conditions. The company's net production from Wattenberg is estimated to increase to approximately 15,600 Boepd, comprised of approximately 60% liquids. The company's net proved reserves from Wattenberg are estimated to increase to 106 MMBoe, comprised of approximately 60% liquids. The company estimates that its 2012 net production will increase to approximately 54.5 Bcfe from continuing operations :theflyonthewall.com |
| | 06:17 EDT | | PETD |
| theflyonthewall.com: | PDC Energy upgraded to Buy from Hold at Canaccord | | Canaccord upgraded PDC Energy based on strong Wattenberg field results and potential Utica potential. Price target raised to $41. :theflyonthewall.com |
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