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Fly News Breaks for March 28, 2019
CRC
Mar 28, 2019 | 19:13 EDT
As previously reported, Mizuho analyst Paul Sankey initiated California Resources with a Buy rating and a price target of $35. The analyst cites the company's position as the "largest oil & gas exploration and production company in California" given its "low-declining oil production" and calls the stock a "key play" on Brent price, which he is positive on going into the summer.
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