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$SM said it agreed to buy 24,783 net acres in Howard County, West Texas from Rock Oil Holdings for $980MM. The transaction is expected to close on Oct. 4, 2016, with an effective date of Sept. 1, 2016. $SM sees running 1 rig in area in 4Q16 and 2 rigs throughout 2017. $SM lifted its total capital spending estimate for 2016 by about $15-20MM.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.