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On the completion side, $RRC achieved a 44% increase in frac stages per day as compared to last year. Three recent pads totaling 427 frac stages achieved an average between 8 & 10 stages per day. Combined with service cost reductions, completion cost dropped 34% vs. last year & believe that these efficiencies can continue to improve going forward.
$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?