May 18, 2015 9:10 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Monday, Goldman Sachs analysts initiated coverage of
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NASDAQ: PDCE) with a Buy rating and a price target of $77.PDC Energy is a $2.2 billion E&P company operating in the Wattenberg and Utica regions. The company's strengths lie in its low cost structure and a strong energy base."We see an easing of the midstream constraints that kept PDCE's Wattenberg production flat through 2014. We also expect a record 40-45 gross operated Wattenberg wells to be turned online in 2Q, which should help drive a step-up in near-term growth," the analysts mentioned.The company's oil production in the coming months is expected to surpass the average level achieved by its peer group. "We see PDCE growing oil production in 2Q-4Q 2015 by 41% and a further 31% in 2016, significantly higher than the 1%/13% average seen for peers," the report stated.PDC Energy's shares have outperformed driven by improved oil equity sentiment. "However, we see room for additional outperformance as PDCE approaches an inflection in growth/resource in 2H15 after sub-par execution in 2014," the analysts commented.
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