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BofA Merrill Lynch lowers its oil price forecast but says the selloff in oil stocks has opened...
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Wednesday, June 6, 2012, 2:34 PM ETBofA Merrill Lynch lowers its oil price forecast but says the selloff in oil stocks has opened up attractive opportunities, viewing top pick Hess (HES +4.6%) and others - MRO +3.7%, CHK +5.3%, APC +4.8%, OXY +3.7% - as offering the best upside potential. Many of the downside risks facing those companies are already priced into the stocks, the firm says. (earlier)
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