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$MRO said it acquired PayRock Energy Holdings, LLC, a portfolio company of EnCap Investments, for $888MM. PayRock has approx. 61,000 net surface acres and current production of 9,000 net Boed in the oil window of the Anadarko Basin STACK play in Oklahoma. The transaction is subject to close in 3Q16, funded with cash on hand.
$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.