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Fly News Breaks for March 24, 2015
WLL
Mar 24, 2015 | 07:24 EDT
UBS said the equity offering by Whiting Petroleum will strengthen the company's balance sheet, but makes the prospects of a takeout less likely. The company also refinanced debt and improved its leverage, but the firm believes the financing suggests management is not positioning itself for a sale. UBS reiterated its Buy rating and $44 price target on Whiting Petroleum shares.
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