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Wildbilly

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Wildbilly

Re: Wildbilly post# 63

Thursday, 05/16/2013 1:15:44 PM

Thursday, May 16, 2013 1:15:44 PM

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Wunderlich raises target to $35 from $25

Diamondback Energy (FANG +3.2%) is raised to Buy from Hold with a $35 target price (from $25) at Wunderlich, which believes strong results from 13 Wolfcamp B-targeted horizontal wells (11 operated) shows the operational expertise, asset strength and horizontal potential for FANG, while the recent equity offering puts it in a position to fund and accelerate its growth.

Contingit stercore.

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