Fly News Breaks for August 10, 2015
EOG
Aug 10, 2015 | 07:58 EDT
As noted earlier, Oppenheimer downgraded EOG to Perform from Outperform. The firm noted that the company's losses and cash flow deficits are expected to come in at $1.3B this year and $0.8B next year. Oppenheimer notes that EOG expects oil prices to recover, but the firm says that the company also predicted that gas prices would rebound, and that increase never materialized.
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