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Fly News Breaks for January 20, 2016
CWEI
Jan 20, 2016 | 09:11 EDT
Raymond James downgraded Clayton Williams to Underperform from Market Perform following the update on recent transactions and the strategic review. The firm said Clayton's management is walking a fine line between raising cash and retaining the asset base and a sale of core assets is likely either to not happen or occur at an unattractive price given the $30 oil environment.
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