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Fly News Breaks for May 21, 2019
QEP, WLL
May 21, 2019 | 07:22 EDT
KeyBanc analyst Leo Mariani expects shares of Whiting Petroleum (WLL) to react negatively to a Bloomberg article saying that it may be bidding for some or all of the assets of QEP Resources (QEP). QEP's Bakken assets would make some sense for WLL, but the Permian Midland assets would be a new operating area for Whiting, he contends, adding that a purchase of some or all of QEP is also likely to require external financing from the company.
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