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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.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?