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Fly News Breaks for July 13, 2016
FANG
Jul 13, 2016 | 08:42 EDT
Roth Capital analyst John White says that while Diamondback Energy's purchase agreement with an unrelated third party seller to acquire oil and gas assets in the Southern Delaware Basin is light on proved reserves and existing production, the transaction looks reasonable. The analyst reiterates a Neutral rating and $85 price target on the shares.