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Fly News Breaks for May 12, 2016
REI
May 12, 2016 | 07:51 EDT
Canaccord raised its price target on Ring Energy to $12 from $8 to reflect their belief that the company's horizontal drilling program will meaningfully boost growth and capital efficiency. The firm expects liquidity to increase and possibly cut the borrowing base and therefore sees minimal downside risk. Canaccord reiterated its Buy rating on Ring Energy shares.
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