IRVINE, Calif., Jan. 30 /PRNewswire/ -- C. K. Cooper & Company published an 8-page research report on Petroleum Development Corp. (NASDAQ:PETD) updating the valuation of assets.
Philip J. McPherson, Director of Research, commented, "Given the recent transaction by Berry Petroleum (NYSE:BRY) in the Piceance Basin, we believe Petroleum Development Corp's 12,000 undeveloped acres in the Piceance Basin is not reflected in their current share price." Petroleum Development Corp. closed Friday at $40.00 per share.
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