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Fly News Breaks for January 23, 2020
XEC
Jan 23, 2020 | 06:34 EDT
Credit Suisse analyst Betty Jiang upgraded Cimarex Energy to Outperform from Neutral with a price target of $60, up from $57. In a research note to investors, Jiang says double digit oil production growth looks achievable in 2020 and believes the year could be setting up as an inflection year for Cimarex. The analyst says she believes Permian net completions could increase by greater than 30% to close to 90 net wells this year.
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