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Fly News Breaks for July 18, 2018
APC
Jul 18, 2018 | 20:13 EDT
MUFG analyst Michael McAllister raised his price target on Anadarko to $92 and kept his Overweight rating as part of his broader research note on the energy sector which also raised his WTI 2018 price estimate to $65 from $63. The analyst further notes that during the quarter, the company announced the signing of a Mozambique HOA agreement for the delivery of 57,000 Boe/d through the early 2040's, and in June Anadarko announced significant cost savings during the project.
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