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Texas-based $APC said that it reduced the capital spending by almost 40% in 2015 when oil prices fell by almost 50%. $APC expects to spend about $2.8Bil this year, roughly half of the amount it spent in 2015. Total sales volumes are expected to decline by 1-4% in 2016 on the divestiture adjusted basis due to lower margin gas volumes.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?