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Fly News Breaks for December 7, 2018
HK
Dec 7, 2018 | 06:47 EDT
JPMorgan analyst Michael Glick downgraded Halcon Resources to Underweight without a price target. The company has outsized leverage to its peer group with no real path to cash flow neutrality at strip pricing, Glick tells investors in a research note. The analyst sees Halcon spending all of the cash on its balance sheet in a couple of quarters.
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