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$HES said that 2Q16 Bakken net production averaged 106,000 BOE per day vs. 119,000 BOE per day in 2Q15, reflecting the reduced drilling program. The company has reduced drilling & completion costs 14% from 2Q15 to an average of $4.8MM per well, even as it shifted from 35 to 50-stage wells. This is an uplift of 15-20% in initial production rates.
$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?