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Fly News Breaks for August 25, 2016
PDCE
Aug 25, 2016 | 08:56 EDT
RBC Capital analyst Kyle Rhodes says that PDC's $1.5B Delaware Basin acquisition "alleviates core inventory concerns" and boosts the company's net asset value by 14% while diversifying its assets and enabling it to produce oil more cheaply. Rhodes keeps an Outperform rating on the shares.
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