Fly News Breaks for February 3, 2016
CIE
Feb 3, 2016 | 08:28 EDT
As noted earlier, Stifel downgraded Cobalt to Hold from Buy. The firm downgraded the stock based on its lowered, longer term oil price forecast, as well as what it sees as the company's balance sheet risk, and its belief that the company's agreement to sell assets in Angola may not close.
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