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In 1Q16, oil prices for $PXD were down 26% to $28.09. NGLs were down 15% to $10.33 per barrel and gas prices were down 12% to $1.79. Production costs were down 17% in total from 4Q15. The company is adding more horizontal wells to the mix of wells with an avg. of $5-7 per Boe of production costs which will help drive costs down.
$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?