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Fly News Breaks for January 30, 2017
WPX
Jan 30, 2017 | 08:49 EDT
Drexel Hamilton analyst Robert Christensen raised WPX Energy's price target to $22 from $11 given its high quality Permian focus. The analyst sees tremendous oil growth potential in WPX, probably 30% in 2017, 50% in 2018, and 20% thereafter through 2020. Christensen said the Permian basin is the "hottest oil play" on the planet right now and a potential acquisition of WPX would provide great Permian assets for nearly half the price.
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