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Fly News Breaks for September 29, 2015
NSLP
Sep 29, 2015 | 06:41 EDT
Wunderlich downgraded New Source Energy to Sell with a $0 price target citing litigation and liquidity uncertainty after the company yesterday morning announced that, due to a pending borrowing base deficiency under its revolving credit facility, it will be prevented from paying the quarterly cash distribution on its 11% Series A Cumulative Convertible Preferred units.
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