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Paul Sankey of Wolfe Research asks what is the time frame for the US production level to reach 8MM barrels a day. CEO Al Walker replied that $APC's view is that it could happen as early as late 2016. He added that it takes a little bit longer to get to 8MM barrels a day and that could be pushed into 2017.
$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?