PDCE - PDC Energy: A Cash-Generating Machine At Mid-$50s Oil Although There Is Inventory Uncertainty Due To Regulations
- PDC may be able to generate close to $600 million in positive cash flow in 2021.
- It also appears able to generate over $600 million in positive cash flow per year at $55 WTI oil without hedges going forward.
- It has 14 years of Wattenberg inventory at the current development pace.
- It needs permits for the majority of that inventory though. This could reduce its inventory levels.
- Around 35% of its unpermitted Wattenberg inventory has over 10 building units within 2,000 feet.
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PDC Energy: A Cash-Generating Machine At Mid-$50s Oil, Although There Is Inventory Uncertainty Due To Regulations