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$SM said it agreed to buy 24,783 net acres in Howard County, West Texas, expanding its Midland Basin footprint to about 46,750 net acres, for $980MM from Rock Oil Holdings. The acquired acreage position is largely contiguous and includes about 4,900 Boe per day net production and 6 MMBoe of proved developed producing reserves.
$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?