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During 2Q16, $XEC saw a nice boost in its Permian production with the addition of a second frac crude in May. The volume for Permian Basin came in at 509MM a day, up 7% vs. 1Q16. The Mid-Continent volume averaged 463MM a day, up 11% vs. 2Q15. With only 5 new wells coming online in 2Q16, Mid-Continent volumes fell 30MM a day vs. 1Q16.
$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?