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Fly News Breaks for June 4, 2018
CPE
Jun 4, 2018 | 12:13 EDT
RBC Capital analyst Brad Heffern notes that his firm had published a brief comment about a force majeure event on the El Paso gas system in the Permian, suggesting that Callon Petroleum was likely to be affected. However, after catching up with Callon Petroleum, the analyst notes the company does not ship any volumes on the affected line, and its volumes on the rest of the El Paso system were not affected. Heffern reiterates an Outperform rating and $16 price target on the shares.
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