Energy Biz Roundup: PDC and Others Face Constraints In Colorado, Kinder’s Selling Shareholders
PDC Energy (PDCE), Bill Barrett Corporation (NYSE:BBG), and Noble Energy (NYSE:NBL), are all suppliers of services linked to the procurement and sale of natural gas liquids in Colorado’s Denver-Julesburg Basin, but are expecting constraints on growth that could negatively impact their ability to grow during the next 12 to 15 months. In reaction, Well Fargo has downgraded their shares.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
Kinder Morgan (NYSE:KMI) shares drop after hours on word that selling shareholders will begin a public offering of around 69.3 million shares of common stock. The company will receive none of the proceeds, as neither KMI nor its management is selling any shares in the offering.
Don’t Miss: Here’s Why China Might Not Buy LNG From America.