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Fly News Breaks for June 28, 2016
WLL
Jun 28, 2016 | 07:36 EDT
SunTrust notes that Whiting has drastically underperformed oil prices and its peers since it announced a debt for equity deal on June 22. The firm says that the decline in the stock is overdone. It believes that the debt for equity deal will enable the company to become more aggressive when commodity prices rebound.
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