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Oil and gas E&P company $CHK has budgeted total capital expenditures of $1.3-1.8Bil for 2016, approx. 57% lower than 2015 levels. In 2016, the company plans to place approx. 330 to 370 wells on production, resulting in total production decline of approx. 0% to 5% compared to 2015, after adjusting for asset sales.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.
Wanna know what $TSLA announced yesterday? Watch the video!! Tesla Self-Driving Car Level 5 Autonomy. This is crazy!!
Construction equipment supplier $URI reported that in U.S., the employment report for September was encouraging. Geographically, the company is experiencing growth in the east and west coast regions. $URI added that in Canada, the economy is challenging. Rental revenue from Canada was down approx. 10% in 3Q16.