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Fly News Breaks for August 7, 2015
PVA
Aug 7, 2015 | 07:18 EDT
Credit Suisse downgraded Penn Virginia to Neutral and lowered its price target to $1 from $4 following Q2 results. The firm said Penn's 2016 budget implies a cash flow deficit of $147M, and with $200M in projected liquidity at year end, funding will be needed for drilling activity.
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