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Fly News Breaks for August 16, 2018
CXO
Aug 16, 2018 | 08:36 EDT
Morgan Stanley analyst Drew Venker resumed coverage of Concho Resources with an Equal Weight rating and $155 price target, as he anticipates significantly more potential selling pressure than its peers if Permian differentials widen given its greater exposure to local prices in 2019. Venker recommends looking for a more attractive entry point into Concho if oil differentials again become a major concern for energy investors.
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