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BofA Merrill Lynch lowers its oil price forecast but says the selloff in oil stocks has opened...

BofA 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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