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$WPX said the buyout eliminates about $164MM in letters of credit and their associated annual interest expenses, and releases $WPX from nearly $400MM in demand obligations from 2016 through 2032. $WPX is using cash on-hand to fund the agreement. The parties expect to close the transaction in 3Q.
$AAL is giving pay hikes to its employees but investors are sulking.
$APC stock tumbled more than 5.6% after last week's fatal home explosion in Firestone, Colorado prompted the company to close more than 3,000 wells for weeks.
Unicorn Frappuccino. The latest hit from $SBUX. Can't wait to see how this will affect its results.
At what point should $AMZN consider a stock split? $1000 per share seems pretty high.