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$RRC said it has set 2016 capital budget at $495MM, down 45% versus 2015 CapEx. 2016 production is expected to average 1,390-1,420 Mmcfe per day, equating to an 8-10% production growth on a pro forma basis. 1Q16 production is expected to be about 1,350 Mmcfe per day with 30-32% liquids.
$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?