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Stock Market & Financial Investment News

News Breaks
December 19, 2012
18:31 EDTSMSM Energy board approves $1.5B capital budget for 2013
News For SM From The Last 14 Days
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November 28, 2014
12:31 EDTSMSell-off in E&P space overdone, says Barrington
Barrington views the sell-off in the Exploration & Production space as overdone and keeps Outperform ratings on Continental Resources (CLR), Newfield Exploration (NFX), SM Energy (SM) and Whiting Petroleum (WLL). Following OPEC's decision to not cut production, the firm is assuming an average WTI crude price of $70 per barrel for 2015. It lowered its price target for Continental Resources to $62 from $85, for Newfield to $43 for $47, for SM Energy to $69 from $102 and for Whiting Petroleum to $81 from $122. Barrington believes the stocks already reflected much of the OPEC news.

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