Fly News Breaks for June 5, 2017
Jun 5, 2017 | 07:07 EDT
Canaccord analyst Sam Roach initiated Penn West with Hold rating. He noted the company will undergo a name change to Obsidian Energy and said it will have a right-sized balance sheet and a solid asset base, leaving it well positioned for a turnaround. Roach has a C$2.10 price target on Penn West shares.
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