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Fly News Breaks for August 22, 2016
CXO
Aug 22, 2016 | 07:21 EDT
Piper Jaffray analyst Pearce Hammond applauds Concho's acquisition of Reliance Energy, saying that the deal "provides further high quality inventory depth." The analyst says that Concho's valuation is significantly more attractive than its Permian peers. He keeps an Overweight rating on the stock.
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