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$XOM, which competes with $CHK and $RRC, said that during 1Q16 the company benefited from recent capacity additions, while reducing CapEx 33% YoverY. The company said crude oil prices were volatile and fell sequentially, while natural gas prices continued to decline. At quarter end, cash totaled $4.8Bil and debt was at $43.1Bil.
$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?