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RBC downgrades Elk valuation 

RBC Capital Markets has downgraded its valuation of US-focused oil and gas producer Elk Petroleum from outperform to sector perform and its price target from 15 cents per share to 4c over its debt burden. 

Helen Clark
Elk downgraded by RBC

Elk downgraded by RBC

The bank has been a strong backer of the Rocky Mountain-focused company, declaring last year it "believed in Mr Grieve" and picturesquely suggesting the former junior's move into the Aneth field had added...

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