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Fly News Breaks for November 9, 2015
APA
Nov 9, 2015 | 06:58 EDT
After Bloomberg reported that Apache received an unsolicited takeover bid, RBC Capital sees the news as positive for Apache's stock and believes that the entire E&P sector could get a lift from the news. RBC says it's not "tremendously surprised" by the report as it views Apache "as somewhat undervalued" versus its large cap peers. RBc expects Apache's production growth to rebound next year and is upbeat on the stock.
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