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Oppenheimer published its report on Range Resources
RRC after hosting a symposium with RRC.
In a note to clients, Oppenheimer writes, "Despite the discoveries over the last ten years, RRC believes there will be many more shale plays discovered as technology improves and commodity prices increase. Although many of the largest shales have likely been found, there will likely be many smaller and economic plays in the future."
Oppenheimer maintains its Perform rating on RRC.
RRC closed yesterday at $42.44.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsEnergyOil & Gas Exploration & ProductionOppenheimerrange resources
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