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Forestar Group (NYSE:FOR) Inks Deal to Acquire CREDO Petroleum (NASDAQ:CRED) in $146 Million – CRED, LINE, CHK, PHX

Natural resources company Forestar Group Inc (NYSE:FOR) reported that it would acquire CREDO Petroleum Corporation (NASDAQ:CRED) for $146 million in cash, over doubling its proven oil and natural gas reserves forecasts.

The main part of Forestar’s revenue comes from lease …

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