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Everywhere you look in the oil and gas space, companies have been slammed by the downturn in crude prices that has resulted from the COVID-19 pandemic. Even larger players like PDC Energy (PDCE) have been no exception. The company, for the second time in recent weeks, has come out with plans to reduce capital spending for the current fiscal year and, tentatively, for 2021 as well. This maneuver, as well as other cost-cutting initiatives, will see a real impact on the firm’s production, but if all goes according to plan, management believes that