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home / news releases / PDCE - PDC Energy May Be Able To Reduce Net Debt By Over $500 Million In 2021

PDCE - PDC Energy May Be Able To Reduce Net Debt By Over $500 Million In 2021

PDC Energy Inc.
  • PDC Energy is projected to generate $532 million in positive cash flow at $52 WTI oil (current strip) in 2021.
  • Net debt could be reduced to $1.1 billion, or 0.9x EBITDAX by the end of 2021.
  • PDC has regulatory uncertainty with its Colorado Wattenberg assets due to both federal and state issues.
  • PDC has built up around four years of inventory (DUCs and permits).
  • Takeaway capacity looks fine for a while, but new long-distance pipelines may face challenges.

For further details see:

PDC Energy May Be Able To Reduce Net Debt By Over $500 Million In 2021
Stock Information
Company Name: PDC Energy Inc.
Stock Symbol: PDCE
Market: NASDAQ
Website: pdce.com
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