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BAML analyst Jason Smith questions about prioritization of capital by geography and zone. $XEC says that some of its best well level returns are in the Bone Spring in the Delaware Basin, the 10,000 foot long Wolfcamp wells, and the Avalon wells. In terms of capital allocation, $XEC will have 3 rigs in the Delaware and 2 rigs in the STACK play.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.