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Wednesday, April 18, 2018 4:07:42 PM
The E&P industry's cash capital intensity has largely stabilized, although it remains 45% below the 2014 cyclical peak, KLR's John Gerdes says, adding that the industry's overall unleveraged cost structure should remain around the same levels as in 2017.
KLR sets share price targets for PXD at $212, CLR at $67 and SN at $3.
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