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Fly News Breaks for May 9, 2016
PE
May 9, 2016 | 07:51 EDT
Canaccord said Parsley Energy remains on track for excellent organic production growth at a pace that is unmatched in the U.S. E&P sector. The firm said Parsley remains their best idea in the Permian Basin, citing new acreage, its robust balance sheet and liquidity, and valuation. Canaccord reiterated its Buy rating and $29 price target on Parsley Energy shares.
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