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Fly News Breaks for May 22, 2018
SWN
May 22, 2018 | 16:36 EDT
Stifel analyst Jane Trotsenko resumed Southwestern Energy with a Hold rating and a price target of $4.30, saying its upcoming years are as exciting as the developments made since 2014. The analyst points to the company's intention to divest its Fayetteville assets to become a "pure play exposure to the Appalachian basin", with lower debt levels, improved realization, and higher production rates. Trotsenko adds the acceleration of its liquids-rich West Virginia Marcellus assets also diversifies its income stream with higher exposure to liquids.
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