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$CNX 2Q15 Call: Expected basis differentials to be around $(0.95) in 3Q15 and could be around $(0.55) for FY15. CNX reduced 2015 E&P capital budget forecast to approx. $800MM and expecting 2016 E&P budget to be $400-500MM depending on natural gas prices. CNX expects non-core asset sales to be $75-125MM of additional sales through FY16.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.