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$CHK said it has approx. 476 Bcf of its remaining 2016 gas production hedged at $2.71 and approx. 18.2MM barrels of its remaining 2016 oil production hedged at $46.32 per barrel. This represents 64% and 69% of 2Q16 through 4Q16 gas and oil volumes, respectively. The company stated that it started to add some 2017 hedges at recent prices.
$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.