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Fly News Breaks for February 26, 2019
AMR
Feb 26, 2019 | 08:09 EDT
As previously reported, Guggenheim downgraded Alta Mesa Resources to Sell from Buy. Analyst Subash Chandra said 2019 guidance implies an outspend that increases net debt/EBITDA to over 5x, which could cause bank debt to "cross alarming levels." Chandra expects management to take comprehensive steps to try to turn the corner this year.
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