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$PXD expects 4Q15 depletion, depreciation and amortization expense to average $18.50-$20.50 per BOE, reflecting an anticipated further decline in proved reserves as a result of lower commodity prices reducing economic lives of producing wells. Total exploration and abandonment expense is expected to be $25-35MM.
$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?