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At its Wolfcamp oil play this year alone $APC reduced its per well cost by more than $4MM to $7.5MM with direct line of sight to another $1.5MM to as much as $2MM per well expected savings. The delta between its capital investments and discretionary cash flow totaled $730MM in 3Q15, which includes $405MM of WES Capital.
$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.