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Fly News Breaks for August 30, 2019
SRCI, PDCE
Aug 30, 2019 | 07:13 EDT
Barclays analyst William Thompson started PDC Energy (PDCE) with an Overweight rating and $42 price target. The pending merger with SRC Energy (SRCI) creates core Wattenberg critical mass and allows PDC to prioritize free cash flow and return of capital over production growth and Delaware expansion, Thompson tells investors in a research note.
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