PDC Energy Gets More than Asked For in New Stock Offering

Last week MDN told you that PDC Energy, a driller with operations in Ohio’s Utica Shale, floated another 5+ million shares of company stock looking to raise ~$263 million (see PDC Energy Offers 5.15M Shares of New Stock, Wants to Get $263M). In what is perhaps a good sign that investors haven’t abandoned drillers, PDC actually got $296.8 million, floating nearly 6 million shares. Seems there are still investors willing to back nasty, evil, vile fossil fuel companies. Who knew?…

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