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1) News emerged that private company, Blue Racer Midstream, may be planning to launch an initial public offering ((IPO)), in which it could be valued at $2.5 billion. The potential for publicly listing the firm has increased after the market's response to the Rattler Midstream, LP's (RTLR) IPO last month which has been the biggest energy IPO of the year.
2) Occidental Petroleum Corp. (OXY) may be working