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Fly News Breaks for June 27, 2016
BP
Jun 27, 2016 | 07:11 EDT
After traveling with BP's management, Bernstein says that the company's pipeline is "highly attractive." The firm estimates that the company's pipeline will add 800kboed by 2020 with an estimated average IRR of 17% at $50 per barrel of oil. The firm raised its price target on the company's stock to $40.32 from $37.80 and recommends that the stock be "a core holding in any energy portfolio."
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