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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Mar. 29, 2:06 AM

Slide #18. PDC Energy, Inc. Secondary Offering

Company: PDC Energy, Inc. (NASDAQ:PDCE)
Date announced: 3/18/2015
Shares Offered: 3,480,000
Date of Pricing: 3/19/2015
Price Per Share: $51.44
Secondary Offering Details: PDC Energy, Inc. ("PDC" or the "Company") (Nasdaq:PDCE) today announced that it has agreed to sell 3,480,000 shares of its common stock in an underwritten public offering. The Company has granted the underwriters an option for 30 days to purchase up to an additional 522,000 shares of the Company's common stock to cover over-allotments, if any. - updated 3/19 - PDC Energy, Inc. ("PDC" or the "Company") (Nasdaq:PDCE) today announced that it has priced a public offering of 3,480,000 shares of its common stock for total gross proceeds (before underwriters' compensation and estimated expenses) of approximately $179 million. Goldman, Sachs & Co. and J.P. Morgan Securities LLC acted as the sole underwriters of the offering and have offered the shares at prevailing market prices or otherwise from time to time through the NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise. The Company has granted the underwriters an option for 30 days to purchase up to an additional 522,000 shares of the Company's common stock to cover over-allotments, if any. The offering is expected to close on or around March 23, 2015.

PDC Energy is an independent exploration and production company that produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with primary operations in the Wattenberg Field in Colorado, the Utica Shale in southeastern Ohio and the Appalachia-Marcellus Shale in northern West Virginia. Co. divides its operating activities into two segments: Oil and Gas Exploration and Production; and Gas Marketing. Co.'s Oil and Gas Exploration and Production segment includes all of its crude oil and natural gas properties. Co.'s Gas Marketing segment is comprised solely of the operating activities of its subsidiary, Riley Natural Gas.
Open the PDCE Page at The Online Investor »

Company Name:  PDC Energy Inc
Website:  www.pdce.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding PDCE:  33
Total Market Value Held by ETFs:  $148.90M
Total Market Capitalization:  $1.88B
% of Market Cap. Held by ETFs:  7.90%
 

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March 29, 2015    2:06 AM Eastern
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Buy (3.42 out of 4)
67th percentile
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