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Fly News Breaks for April 17, 2017
COP, WPX
Apr 17, 2017 | 08:03 EDT
After ConocoPhillips (COP) announced the sale of San Juan Basin assets to HilCorp Energy Company for $3B, SunTrust analyst Neal Dingmann says WPX Energy (WPX) has a positive read through from the deal, based on its nearby San Juan assets. He estimates that those assets are worth between $2.27-$2.83 per share. He keeps a $24 price target and a Buy rating on the name.
News For WPX;COP From the Last 2 Days
