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Fly News Breaks for September 30, 2019
MUR
Sep 30, 2019 | 04:51 EDT
BMO Capital analyst Phillip Jungwirth started Murphy Oil with an Outperform rating and $27 price target. The company's repositioned portfolio towards "oil-weighted, high-margin" Gulf of Mexico assets should generate "significant" free cash flow in the coming years, Jungwirth tells investors in a research note. The analyst views Murphy's debt-adjusted production growth as above average and the stock's risk/reward as attractive.
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