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Fly News Breaks for November 10, 2015
CPE
Nov 10, 2015 | 07:43 EDT
After Collon announced that it acquired about 630 net surface acres in the Core Midland Basin for $29.5M, SunTrust calls the deal "small but meaningful." The firm thinks the deal will pressure the company's shares in the near-term but it believes that the company paid an attractive price, and it thinks the transaction will be positive over the medium term. SunTrust keeps a Buy rating on the shares.
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