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Fly News Breaks for October 15, 2019
OAS
Oct 15, 2019 | 09:31 EDT
Wolfe Research analyst Josh Silverstein downgraded Oasis Petroleum to Underperform from Peer Perform with a price target of $3, down from $6. The analyst sees limited upside outperformance going forward unless there is a substantial rally in crude oil given the company's $2.5B debt burden and increased capital spend needed to sustain volumes.
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