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Fly News Breaks for January 23, 2020
XOG
Jan 23, 2020 | 06:40 EDT
Credit Suisse analyst Betty Jiang downgraded Extraction Oil & Gas to Underperform from Neutral. In a research note to investors, Jiang cites "severe" liquidity concerns with $185M of Series A Preferred Stock coming due in 2021, which could either increase revolver utilization to potentially 70% or at worst, trigger a corporate restructuring.
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