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Fly News Breaks for August 11, 2015
PDCE
Aug 11, 2015 | 07:35 EDT
Canaccord said PDC Energy represents one of the best growth stories in the small to midcap E&P space. The firm cited its various properties in the Wattenberg field, DJ Basin and Utica Shale providing a deep inventory for years to come. Canaccord believes the stock's valuation is unwarranted given its strong balance sheet and growth profile and reiterated its Buy rating and $70 price target on PDC Energy shares.
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