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Fly News Breaks for September 15, 2016
HP
Sep 15, 2016 | 10:03 EDT
As previously reported, Argus downgraded Helmerich & Payne to Hold from Buy. Analyst Bill Selesky expects rig utilization to drop for the rest of this year and says that the company is increasingly relying on lower priced spot contracts rather than higher priced term contracts.
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