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Rex Energy (REXX -8.6%) is downgraded to Accumulate from Buy at Global Hunter, which sees few...
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Thursday, November 8, 2012, 3:21 PM ETRex Energy (REXX -8.6%) is downgraded to Accumulate from Buy at Global Hunter, which sees few catalysts with Marcellus Shale drilling activity staid for the year and limited Utica drilling activity and news flow likely for the next several months. A potentially material increase in reserve value related to ethane marketability and REXX's ATEX pipeline agreement could move shares in 2013.
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