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Fly News Breaks for March 18, 2015
CRZO
Mar 18, 2015 | 07:37 EDT
Canaccord said Carrizo Oil & Gas remains a top Eagle Ford shale pick following its recent equity offering of 4.5M shares. The firm likes the company's large, low-risk drilling in Eagle Ford as well as positions in the Niobrara and Utica areas, its healthy balance sheet, and low cost structure. Canaccord reiterated its Buy rating and lowered its price target to $56 from $58 on the stock following its recent equity raise.
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