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Fly News Breaks for June 13, 2016
CVE
Jun 13, 2016 | 07:03 EDT
Morgan Stanley analysts led by Evan Calio upgraded Cenovus Energy to Overweight saying the company is ideally positioned with its cash rich balance sheet, allowing it to participate to higher long-term crude prices, with the ability to re-accelerate growth quicker than peers. The analyst has a more constructive view on the long-term commodity outlook, raising long-term oil price assumption for Brent to $80 and upgraded the E&P industry view to Attractive.
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