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Fly News Breaks for May 4, 2017
APC, CIE
May 4, 2017 | 07:33 EDT
Bernstein analyst Bob Brackett downgraded Cobalt (CIE) after Anadarko (APC) announced that it will probably not pursue development in Shenandoah due to poor appraisal drilling. As a result, Brackett lowered his assessment of Cobalt's value by $530M. Target to $1.20 from $2.
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