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Fly News Breaks for June 6, 2019
WLL
Jun 6, 2019 | 07:06 EDT
MKM Partners analyst John Gerdes initiated Whiting Petroleum with a Buy rating and a price target of $25. The analyst sees the company delivering 47.6MBOE in production, which is at the high end of its guided 46.7-47.7 MBOE range. Gerdes also notes that Whiting Petroleum generates a cash margin that is 10%-15% higher than the industry mean with a full cycle return also above its peers.
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