Breaking News Instant updates and real-time market news.

PDCE

PDC Energy

$36.67 /

-0.55 (-1.48%)

07:13
05/20/19
05/20
07:13
05/20/19
07:13

PDC Energy CEO sends letter to shareholders, encourages white proxy card vote

PDC Energy mailed a letter to shareholders from president and CEO Bart Brookman, in connection with the company's annual meeting of stockholders, scheduled for May 29. PDC shareholders of record as of the close of business on April 1, 2019 will be entitled to vote at the annual meeting. Brookman said, "...It is in this light I share with you my deep concerns regarding Kimmeridge Energy's efforts to elect three individuals to PDC's Board, in opposition to the Company's slate of directors. I have personally known and observed the Kimmeridge leadership for several years. Their constantly changing ideas and criticisms reflect a fundamental lack of understanding of how to run a public E&P company for long-term success. Kimmeridge also erroneously criticized PDC's operating performance and used misleading information in its materials to shareholders. I can assure you that our leadership team and Board have significant operational and technical expertise that has, and will continue to, improve capital efficiency and drive shareholder returns. Further, Kimmeridge has employed extreme tactics and a polarizing interpersonal approach, which would be destructive throughout the organization. PDC has established an effective and cohesive organization built on technical excellence, hard work, loyalty and dedication, and I believe Kimmeridge's presence and ideas would severely jeopardize this working environment, the Company as a whole and, most importantly, the value of your investment.Many of Kimmeridge's proposals would destroy economic value over time, negatively impact PDC employees, impair our safety programs and threaten the longstanding rapport we have established with regulatory bodies, communities and landowners. Kimmeridge's short-sighted ideas would be a dramatic step in the wrong direction and would be dangerous for PDC and the communities in which we live and work. Lastly, Kimmeridge's board candidates have no significant public board experience, no depth of knowledge in large-scale operational matters, and no familiarity with the Colorado regulatory environment. I also believe that Ben Dell, Kimmeridge's leader, is primarily focused on pushing PDC to engage in mergers with our competitors, including transactions in which he would be a financial participant. I believe that this, together with possible other economic interests he holds, present serious conflicts of interest. Leading independent proxy advisory firm Glass Lewis agrees that Kimmeridge's nominees are not compelling for a company of PDC's scope and scale, and further expressed their concern with Kimmeridge's, "objectively aggressive recommendations that often fade into more broadly phrased suggestions."In stark contrast, I have seen first-hand the considerable experience and thoughtful business approach the PDC Board has taken in governing this Company. Each PDC director is unafraid to make the serious and sometimes difficult decisions necessary to implement our strategy. We have also taken a critical eye to our Board composition. Over the past five years, we have undertaken an aggressive refreshment program, adding four new directors with unique skill sets and backgrounds to ensure that the PDC Board has the diversity of experience necessary to guide an E&P company through the challenges facing our industry. The continued leadership of our Board is critical to the Company's ongoing success. For these reasons, I strongly encourage you to protect the value of your investment, and vote the WHITE proxy card FOR all three of your Board's highly qualified nominees today."

  • 22

    May

PDCE PDC Energy
$36.67 /

-0.55 (-1.48%)

05/20/19 Wells Fargo
PDC Energy resumed with an Outperform at Wells Fargo
04/09/19 Cowen
PDC Energy initiated with an Outperform at Cowen
02/12/19 Imperial Capital
PDC Energy price target raised to $61 from $57 at Imperial Capital
01/30/19 Capital One
PDC Energy upgraded to Overweight from Equalweight at Capital One

TODAY'S FREE FLY STORIES

Earnings
Target Hospitality narrows FY19 revenue view to $318M-$323M from $318M-$328M » 06:47
02/28/20
02/28
06:47
02/28/20
06:47
TH

Target Hospitality

$4.65 /

+0.08 (+1.75%)

FY19 consensus $322.48M.…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Recommendations
Cogent price target raised to $86 from $75 at Credit Suisse » 06:46
02/28/20
02/28
06:46
02/28/20
06:46
CCOI

Cogent

$76.02 /

+1.12 (+1.50%)

Credit Suisse analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
Digital Realty shareholders approve Interxion combination » 06:45
02/28/20
02/28
06:45
02/28/20
06:45
DLR

Digital Realty

$123.03 /

-7.37 (-5.65%)

, INXN

Interxion

$86.27 /

-5 (-5.48%)

Digital Realty (DLR)…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Recommendations
VMware price target lowered to $172 from $186 at KeyBanc » 06:44
02/28/20
02/28
06:44
02/28/20
06:44
VMW

VMware

$135.79 /

-8.51 (-5.90%)

KeyBanc analyst Alex…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Recommendations
Kornit Digital selloff brings attractive entry point, says Stifel » 06:43
02/28/20
02/28
06:43
02/28/20
06:43
KRNT

Kornit Digital

$38.57 /

-2.77 (-6.70%)

Stifel analyst Patrick Ho…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Recommendations
Farfetch price target lowered to $17 from $20 at KeyBanc » 06:43
02/28/20
02/28
06:43
02/28/20
06:43
FTCH

Farfetch

$9.54 /

-0.33 (-3.35%)

KeyBanc analyst Edward…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Conference/Events
eBay management to meet with UBS » 06:43
02/28/20
02/28
06:43
02/28/20
06:43
EBAY

eBay

$34.87 /

-1.68 (-4.60%)

Meeting to be held in New…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Recommendations
Wells Fargo cuts large-cap bank estimates, but notes balance sheet strength » 06:41
02/28/20
02/28
06:41
02/28/20
06:41
MTB

M&T Bank

/

+

, C

Citi

$64.44 /

-3.72 (-5.46%)

, FITB

Fifth Third

$25.20 /

-1.45 (-5.44%)

, JPM

JPMorgan

$121.38 /

-5.22 (-4.12%)

, KEY

KeyCorp

$16.71 /

-0.97 (-5.49%)

, MS

Morgan Stanley

$45.43 /

-1.8 (-3.81%)

, GS

Goldman Sachs

$204.33 /

-10.16 (-4.74%)

, USB

U.S. Bancorp

$47.50 /

-2.15 (-4.33%)

, PNC

PNC Financial

$130.65 /

-8.1 (-5.84%)

, RF

Regions Financial

$13.85 /

-0.725 (-4.97%)

, CMA

Comerica

$53.25 /

-2.5 (-4.48%)

, BAC

Bank of America

$29.12 /

-1.495 (-4.88%)

, ZION

Zions Bancorp

$40.61 /

-1.23 (-2.94%)

Wells Fargo analyst Mike…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Recommendations
AutoZone price target lowered to $1,325 from $1,425 at UBS » 06:41
02/28/20
02/28
06:41
02/28/20
06:41
AZO

AutoZone

$1,010.24 /

-3.73 (-0.37%)

UBS analyst Michael…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Recommendations
Entegris pullback brings attractive entry point, says Stifel » 06:39
02/28/20
02/28
06:39
02/28/20
06:39
ENTG

Entegris

$51.54 /

-1.41 (-2.66%)

Stifel analyst Patrick Ho…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
Vistra Energy reports Q4 adjusted EBITDA from ongoing operations of $775M  06:39
02/28/20
02/28
06:39
02/28/20
06:39
VST

Vistra Energy

$20.59 /

-1.08 (-4.98%)

 
ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Earnings
PNM Resources backs FY20 EPS view of $2.16-$2.26, consensus $2.22  06:39
02/28/20
02/28
06:39
02/28/20
06:39
PNM

PNM Resources

$49.77 /

-2.49 (-4.76%)

 
ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Earnings
PNM Resources reports Q4 EPS 36c, consensus 33c » 06:38
02/28/20
02/28
06:38
02/28/20
06:38
PNM

PNM Resources

$49.77 /

-2.49 (-4.76%)

"Financial results…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Upgrade
Heico upgraded to Neutral from Sell at UBS » 06:37
02/28/20
02/28
06:37
02/28/20
06:37
HEI

Heico

$105.26 /

+1.81 (+1.75%)

UBS analyst Louis…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Recommendations
Whiting Petroleum price target lowered to $2 from $7 at Ladenburg » 06:37
02/28/20
02/28
06:37
02/28/20
06:37
WLL

Whiting Petroleum

$1.71 /

-0.555 (-24.56%)

Ladenburg Thalmann…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
DPW Holdings unit terminates agreement to buy two broker-dealers » 06:35
02/28/20
02/28
06:35
02/28/20
06:35
DPW

DPW Holdings

$1.19 /

-0.165 (-12.22%)

DPW Holdings announced on…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

Earnings
Magellan Health sees FY20 adjusted EPS $3.34-$4.14, consensus $4.70 » 06:33
02/28/20
02/28
06:33
02/28/20
06:33
MGLN

Magellan Health

$65.73 /

-1.41 (-2.10%)

Sees FY20 revenue…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Recommendations
BioMarin price target raised to $105 from $95 at Citi » 06:33
02/28/20
02/28
06:33
02/28/20
06:33
BMRN

BioMarin

$89.86 /

-1.54 (-1.68%)

Citi analyst Mohit Bansal…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Earnings
Magellan Health reports Q4 adjusted EPS $1.24, consensus 97c » 06:32
02/28/20
02/28
06:32
02/28/20
06:32
MGLN

Magellan Health

$65.73 /

-1.41 (-2.10%)

Reports Q4 revenue $1.8B,…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Recommendations
Regeneron price target raised to $540 from $420 at Citi » 06:31
02/28/20
02/28
06:31
02/28/20
06:31
REGN

Regeneron

$431.28 /

-26.97 (-5.89%)

Citi analyst Mohit Bansal…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Earnings
Strategic Education reports Q4 adjusted EPS $2.13, consensus $1.43 » 06:31
02/28/20
02/28
06:31
02/28/20
06:31
STRA

Strategic Education

$145.79 /

-5.06 (-3.35%)

Reports Q4 revenue…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
Takeda Pharmaceutical gets positive CHMP opinion for SC vedolizumab » 06:28
02/28/20
02/28
06:28
02/28/20
06:28
TAK

Takeda Pharmaceutical

$17.62 /

-0.62 (-3.40%)

Takeda Pharmaceutical…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
Occidental Petroleum sees FY20 total company production 1,360-1,390 Mboed » 06:28
02/28/20
02/28
06:28
02/28/20
06:28
OXY

Occidental Petroleum

$31.80 /

-2.4 (-7.02%)

Sees FY20 Permian…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Upgrade
NiSource upgraded to Outperform from Neutral at Credit Suisse » 06:27
02/28/20
02/28
06:27
02/28/20
06:27
NI

NiSource

$27.33 /

-0.46 (-1.66%)

Credit Suisse analyst…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return in 9 minutes

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
Occidental Petroleum sees Q1 production 1,375-1,395 Mboed » 06:27
02/28/20
02/28
06:27
02/28/20
06:27
OXY

Occidental Petroleum

$31.80 /

-2.4 (-7.02%)

Sees Q1 Permian resources…

Story temporarily locked.
To read stories as they happen please subscribe, Login above, or return tomorrow

Get Free Trial

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.