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Fly News Breaks for April 11, 2016
PE
Apr 11, 2016 | 07:14 EDT
Canaccord analyst Sam Burwell believes Parsley Energy's ability to use equity as currency to obtain core acreage accretively is one of several reasons the stock is one of the best, if not the best, in the U.S. E&P space. After the company raised its 2016 production guidance and the analyst assigned credit for Parsley's Delaware acreage, he raised his price target on the shares to $29 from $23. The firm keeps a Buy rating on Parsley shares.
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