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Fly News Breaks for September 29, 2016
BCEI
Sep 29, 2016 | 07:21 EDT
As noted earlier, Stifel upgraded Bonanza Creek to Hold from Sell. Analyst Michael Scialla upgraded the stock based on an improved oil price outlook after OPEC reportedly agreed to an oil production cut. The analyst says that the production cut may not actually occur. However, he believes that other factors, along with positive commentary from OPEC, "appears to be building an oil price floor of $40."
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