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Private Equity Could Help More Mid-Cap Energy Companies Close Deals

RSP Permian (RSPP) announced Thursday that it would buy Silver Hill Energy Partners for $2.4 billion. As Canaccord’s Sam Burwell writes, the roughly $45,000 per acre is a new high water mark in the Delaware Basin. He reiterated a Buy rating and $42 price target on RSP Friday, arguing that he expected a larger cap company to buy Silver Hill, and RSP’s triumph shows the impact of private equity on the sector.
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