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Fly News Breaks for August 12, 2019
LLEX
Aug 12, 2019 | 07:36 EDT
As previously reported, SunTrust analyst Neal Dingmann downgraded Lilis Energy to Hold from Buy, forecasting its Q3 to be "soft" on earnings and production with 4 of its wells currently shut for H2S levels in the gas stream. The analyst notes that the company is taking operational steps with more staff and cost saving measures like closing of some of its Texas offices, but has less certainty in its prospects given the "large production fluctuations".
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