Rice Energy shares offer good value after pullback, says BMO Capital
After Rice Energy (RICE) acquired 22,000 net acres in Greene County, Pennsylvania from Chesapeake Energy (CHK), BMO Capital estimates that the deal increases Rice's after-tax NAV by $2 per share. The firm thinks the company can significantly deleverage in 2015 and 2016, and it keeps an Outperform rating on the shares.
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