PEDEVCO Corp.
PEDPEDEVCO Corp. (PED) is an oil and natural gas exploration and production company focused on developing assets in the United States. The company primarily operates in onshore U.S. shale formations, leveraging advanced drilling and production techniques to extract hydrocarbons. PEDEVCO aims to maximize resource recovery and deliver value to its shareholders through strategic asset management and operational efficiencies.
Company News
PEDEVCO Corp. completed a merger with portfolio companies controlled by Juniper Capital Advisors, acquiring substantial oil-producing assets in the Northern DJ and Powder River Basins. The transaction positions PEDEVCO as a premier Rockies-focused operator with over 6,500 BOEPD production and 328,000 net acres.
The article discusses three stocks that investors should consider accumulating during the current market pullback: Costco (COST), Pedevco (PED), and AMD (AMD). The author believes these companies are well-positioned to weather the September woes and provide long-term growth potential.
Kodiak Gas Services, PEDEVCO and Profire Energy have been highlighted in this Industry Outlook article.
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