PETD Petroleum Developmant-- Oil / Natural gas Message Board

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Gold/Mining/Energy : PETD Petroleum Developmant-- Oil / Natural gas

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To: isopatch who wrote (679)	1/26/2001 8:02:38 PM
From: Robert T. Quasius	of 688

PRESS RELEASE C. K. COOPER & COMPANY RE-ITERATES PETROLEUM DEVELOPMENT CORP. (NASDAQ: PETD) AT LONG-TERM: STRONG-BUY, SHORT-TERM: BUY, RAISES 2001 EPS ESTIMATES TO $1.02 AND PLACES A $13.50 GOAL PRICE FOR 2001. 8 PAGE REPORT RELEASED. January 24, 2001- Irvine, California - C. K. Cooper & Company today released an 8-page research report on Petroleum Development Corp. (NASDAQ: PETD). In this report, C. K. Cooper re-iterated its current research ratings of Long-Term: Strong-Buy, Short-Term: Buy. 2001 EPS estimates were raised to $1.02 and a $13.50 goal price was placed on the stock. “We remain confident that 2000 will prove to be a year of dramatic change for PDC.” Commented Alexander G. Montano. “We believed that continued activities, in particular in Colorado will further boost production volumes in 2001 resulting in another record year for the Company. We continue to suggest that as PDC grows its oil and gas production, it will be less dependent upon partnership sales to maintain growth, the result of this transition will be better share price valuations compared to peers.”

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