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Fly News Breaks for January 17, 2017
CLR
Jan 17, 2017 | 07:59 EDT
As previously reported, Jefferies analyst Michael Hsu upgraded Continental Resources by two notches, to Buy from Underperform, citing his belief that higher intensity completions in the Bakken, where Continental has a large 900,000 net acre position, will provide upside for well productivity. Operators experiments with significantly larger proppant loadings could yield upward revisions of volume growth and type curves, said Hsu, who raised his price target on Continental shares to $60.
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