Pedevco Corp: Rbc Dominion Securities Inc Bought Stake

February 14, 2018 - By Rodney Autry

 Pedevco Corp: Rbc Dominion Securities Inc Bought Stake

The New Rbc Dominion Securities Inc Holding in Pedevco Corp

Rbc Dominion Securities Inc reported SC 13G/A form with the SEC for Pedevco Corp. Access it here: 000121465918001154. As reported by Rbc Dominion Securities Inc, the filler owns 4.4% or 269,196 shares of the Energy–company.

Pedevco Corp stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Rbc Dominion Securities Inc’s positive view for Pedevco Corp.

Pedevco Corp Institutional Sentiment

Filings show 13 investors own Pedevco Corp. The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 176454. 7357618 were owned by these investors. 1 funds opened new Pedevco Corp stakes, 4 increased positions. There were 4 that closed positions and 2 reduced them.

First Allied Advisory Services Inc is an investor bullish on Pedevco Corp, owning 15000 shares as of Q3 2015 for less than 0.01% of its portfolio. National Asset Management Inc owns 308417 shares or 0.02% of its portfolio. VA Pinnacle Summer Investments Inc have 0.01% of its portfolio for 250500 shares. Further, Geneva Advisors Llc reported stake worth 0.01% of its portfolio. The NY Platinum Management Ny Llc owns 3409444 shares. Pedevco Corp is 2.74% of its portfolio.

Business Profile

PEDEVCO Corp. is an energy company, which is engaged in the acquisition, exploration, development and production of oil and natural gas shale plays in the Denver-Julesberg Basin (D-J Basin) in Colorado. The D-J Basin contains hydrocarbon bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, J-Sand and D-Sand. The Company’s operating properties are located in the Wattenberg, Wattenberg Extension and Niobrara formation in the D-J Basin. It holds over 16,160 net D-J Basin acres located in Weld and Morgan Counties, Colorado through its subsidiary, Red Hawk Petroleum, LLC, which acreage is located in the Wattenberg and Wattenberg Extension areas of the D-J Basin that it refers to as D-J Basin Asset. It holds interest in Caspian Energy, Inc., which holds a working interest in production and exploration licenses for an oil and gas producing asset, which covers an area of approximately 380,000 acres and is located in the Pre-Caspian Basin in Kazakhstan.

SEC Form 13G.

The stock 0.69% or $0 during the last trading session, reaching $0.29. It is down 74.00% since February 14, 2017 and is downtrending. It has underperformed by 90.70% the S&P500.

PEDEVCO Corp., doing business as Pacific Energy Development, engages in the acquisition, exploration, development, and production of oil and natural gas shale plays in the United States. The company has market cap of $1.77 million. The company's principal asset is Denver-Julesberg Basin asset comprising approximately 11,538 net acres located in the Weld county, Colorado. It currently has negative earnings. As of December 31, 2016, it had interests in 61 gross wells in its D-J Basin Asset.

Another recent and important PEDEVCO Corp. (NYSEAMERICAN:PED) news was published by Seekingalpha.com which published an article titled: “PEDEVCO Is Striking Oil While The Stock Is Striking Out” on October 27, 2014.

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