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Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:13 EDTNFXNewfield Exploration should consider upstream MLP, says FBR Capital
FBR Capital believes Newfield Exploration management should consider an upstream master limited partnership since the company's Uinta Basin's growth potential is not being fully recognized by investors. FBR said its analysis indicates the pretax value of the Uinta business within an MLP would be $5.3B compared with Newfield's current enterprise value of $6.2B. The firm raised its price target for the stock to $40 from $35 to reflect the company's turnaround progress and keeps an Outperform rating on the stock.
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August 21, 2014
09:45 EDTNFXNewfield Exploration management to meet with UBS
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