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Fly News Breaks for February 28, 2020
Feb 28, 2020 | 05:07 EDT
Stifel analyst Michael Scialla downgraded Whiting Petroleum to Hold from Buy with a price target of $2, down from $29. The analyst is waiting for Whiting to find a solution to refinance its 2021 debt maturity obligation, which was $774M at the end of 2019. The company's Q4 earnings release and conference call did not address this issue, Scialla tells investors in a research note.
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