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Fly News Breaks for January 7, 2019
OAS
Jan 7, 2019 | 07:41 EDT
As reported earlier, BMO Capital analyst Phillip Jungwirth downgraded Oasis Petroleum to Market Perform from Outperform and lowered his price target to $8 from $14. The analyst cites his reduced oil price expectation of $50 per barrel in 2019 - down from $67 prior forecast. Jungwirth also points to the company's "less competitive debt-adjusted growth and above-average financial leverage."
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